Black families in Massachusetts have 1% the wealth of whites

A new study from the Federal Reserve Bank of Boston found that Black families in Massachusetts have only 1% of the wealth of White families. This significant wealth gap means that Black families have limited financial resources to invest in their future, start businesses, or achieve economic stability. The disparity highlights the ongoing challenges faced by Black communities in Massachusetts and underscores the need for policies that address racial economic inequality.

Read the source report: Moneycontrol