Two Studies on Disparities: The Most Unequal U.S. Cities and Boston's Racial Wealth Gap

Friday, March 27, 2015
Nonprofit Quarterly

A new study by the Federal Reserve Bank of Boston addresses “The Color of Wealth in Boston” and its findings are shocking. Below is one of the main findings:

“Nonwhite households have only a fraction of the net worth attributed to white households. While white households have a median wealth of $247,500, Dominicans and U.S. blacks have a median wealth of close to zero. Of all nonwhite groups for which estimates could be made, Caribbean black households have the highest median wealth with $12,000, which is only 5 percent of the wealth attributed to white households in the Boston [Metropolitan Statistical Area].”