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from II - Race, Space, and Governance
Published online by Cambridge University Press: 29 October 2021
A study of Boston’s racial wealth gap made headlines in late 2017 when it revealed that the median net worth of the city’s Black households was only $8, compared to $247,000 among white households (Hill 2017; Johnson 2017; Muñoz et al. 2015). The gap in Boston may have been starker than in the nation as a whole, but the latter was also striking. In 2016, the median net worth of Black and Hispanic households nationwide was $17,000 and $20,700, respectively, compared to $171,000 for whites (Dettling et al. 2017). The disparities amongst households with children were even more pronounced. In 2016, Black households with children held 1 percent of the wealth of non-Hispanic white households with children (Percheski and Gibson-Davis 2020: 1).
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