November
10
2020
The study was done in 2015 but the data in it is still often used as a lead anecdote to illustrate how decades of systemic racism has put people of color - and especially Blacks - behind the eight ball when it comes to net worth. The study by the Boston Fed, Duke University found that the median net worth for non-immigrant African-American households in the Greater Boston region is $8 while the median net worth for Greater Boston whites is $247,500. The data disparity was brought to light in the 2017 Boston Globe's award-winning seven-part series on race.