Massachusetts Wealth Divide Widens | Boston News

A new Boston Fed report reveals a stark wealth divide in Massachusetts: nearly 16% of households have no wealth—or owe more than they own. With gaps widening by race, education, and homeownership, the data shows white homeowners with advanced degrees lead in net wealth (nearly $800K), while renters average just $1,500 and Black and Hispanic families lag behind. One in three can’t cover a $400 emergency—highlighting how critical asset-building is for long-term security. The findings underscore that income alone isn’t enough; true opportunity requires wealth accumulation—and urgent action to close these growing gaps. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/48da5d5253d10308