Citing a study from 2015, “
The Color of Wealth,” the Boston Globe listed the median wealth of a series of Bostonians based on their racial and ethnic backgrounds.
The median net worth for white households in Boston, for example, was $247,500. For Caribbean-born black people, it was $12,000.
But for blacks native to the U.S., the median net worth of an entire household was just $8. Some readers thought it was a typo, prompting the Globe to publish another article
explaining that it wasn’t.
Put another way, that means the median white household in Boston is worth nearly 31,000 times more than a black American household.
Net worth was even lower for Dominicans living in the Boston area. The median net worth of their households was $0.