‘A disbelief that the disparity could be so wide’
A new report from the Federal Reserve Bank of Boston examines persistent racial wealth gaps across Massachusetts a decade after initial findings. The study considers the impact of the ongoing affordability crisis on these disparities.
In 2015, the Federal Reserve Bank of Boston found that white households in Boston had a median wealth of $247,500, while Black households had a median wealth of close to $0. That was more than ten years ago. Now, the Boston Fed has released a new report examining the wealth gap across Massachusetts. Have things improved? What trends do we see in the new report? And how has the ongoing affordability crisis affected wealth disparities?
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