Saturday, September 24, 2022
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Tags Federal Reserve Bank of Boston

Tag: Federal Reserve Bank of Boston

Communities of color are ‘canaries in the coal mine’ of economic...

Foreclosures have drained $350 billion in assets from communities of color and Small Business Administration lending to minority-owned businesses has cratered, contributing to a growing racial wealth gap. For every dollar of wealth owned by a white family, an African American or Latino family owns just 16 cents.