We affect positive change in the availability of credit and financial services in traditionally underserved communities across Massachusetts.
Reducing Racial Wealth Inequalities in Greater Boston: Building a Shared Agenda
May 31, 2017
By David Bryant, Ginger Haggerty, Cynthia Parker, Mimi Turchinetz, and Esther Schlorholtz
Released by Federal Reserve Bank of Boston
In 2015, the Federal Reserve Bank of Boston released The Color of Wealth in Boston, which found strikingly high racial wealth disparities in the Boston metropolitan area. Although the report sparked dynamic conversations about the importance of focusing on wealth, the large disparities along racial lines, and the crucial role public policy plays in creating or amplifying inequality, we were convinced that simply releasing research was not enough to incite change. Accordingly, a working group was formed to provide independent recommendations to address racial wealth disparities.