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Do Bankruptcy Statistics Follow the New Federal Study About Wealth in Boston?

In a study undertaken by the Boston Federal Reserve Bank regarding wealth and race, some unfortunate results were uncovered.   White households have significantly more wealth as measured by home equity, retirement accounts, and other such standard measures of wealth.  For example, over 56% of while households have retirement accounts while only 21.2% of black families in Boston have such accounts; even fewer Boston Dominican families have retirement accounts, at 7.5%.  Read more