Racial Wealth Gap Data Gap in Boston

Racial wealth disparities persist, with white individuals having more opportunities to obtain wealth-building assets like homes and retirement accounts compared to Black and Hispanic individuals, leading to a widening wealth gap as people age. Local data on wealth indicators such as savings, student loan debt, and inheritances are limited, hampering efforts to address these disparities effectively. Efforts to collect this data are hindered by high costs and challenges in survey participation. Meanwhile, initiatives like the National Black Business Conference and advocacy by figures like White George aim to promote economic empowerment, racial reconciliation, and support for Historically Black Colleges and Universities (HBCUs) amidst systemic racial inequalities and injustices in the U.S.