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Study puts median net wealth of Mass. families at $370,000, highlights racial wealth gaps
['Alison Kuznitz', 'State House News Service']
News – NBC Boston
White families had an estimated median net wealth of $549,200, compared to $305,000 for Asian American, Native Hawaiian and Pacific Islander families.
Median net wealth was just $1,200 for Hispanic families and $7,800 for Black families.
About 41% of Hispanic families and 31% of Black families held zero or negative net wealth.
Families in which the respondent or spouse/partner was 65+ held median net wealth of $702,500.
In cities, the median family wealth was $110,000 and roughly a quarter of families held zero or negative net wealth.