June 15, 2021
ECONOMY

Lawmakers hold first-ever hearing of committee devoted to racial equity

Hannah Green ,

Boston Business Journal

Tackling the racial wealth gap is a top priority for the Black Economic Council, which is located in one of the most inequitable cities in the country. According to a 2021 report by the Massachusetts Taxpayers Foundation, the median net worth of a white household in the U.S. in 2013 was 11 times greater than that of a Black household. In Boston, the median net worth of white household was 31,000 times greater than that of a Black household in 2014.