But erasing the gap is worth it for all of us. By one estimate, the racial wealth gap has cost the American economy $16 trillion over the last 20 years. Closer to home, the Massachusetts Taxpayers Foundation estimated that closing racial wealth gaps in Massachusetts could raise the state GDP by $25 billion over the next five years.
June 02, 2022
ECONOMY
Viewpoint: To create a more equitable Boston, close the racial wealth gap.
But erasing the gap is worth it for all of us. By one estimate, the racial wealth gap has cost the American economy $16 trillion over the last 20 years. Closer to home, the Massachusetts Taxpayers Foundation estimated that closing racial wealth gaps in Massachusetts could raise the state GDP by $25 billion over the next five years.