Racial Wealth Inequality at the Metropolitan Area and National Levels: Findings and Implications

Registration for this event is now closed.


Thursday, July 16, 2015 | Webinar
2 - 3 p.m. (CT) | 3 - 4 p.m. (ET)

 

As the wide racial wealth gap continues to increase over time, millions of families nationwide lack enough assets to offer better opportunities for future generations. What is the extent and what are the implications of racial wealth inequality? Learn what several recent studies reveal in an upcoming Connecting Communities® webinar, which will highlight findings from three sources:

  • Results from the National Asset Scorecard in Communities of Color (NASCC) survey. Notably, the NASCC has collected, for the first time, detailed data on assets and debts at the MSA level and by different race, ethnicity and country-of-origin groups. These data ordinarily cannot be examined with public datasets. The survey was conducted in Los Angeles, Washington D.C., Tulsa, Miami and Boston.
  • The Color of Wealth in Boston, a report by the Boston Fed in partnership with the Ford Foundation and Duke University's Consortium on Social Equity. This report contains new analysis of the economic well-being of several specific racial and ethnic groups in the Boston MSA by country of origin based on the NASCC data. This analysis—focused on U.S.-born blacks, Caribbean blacks, Cape Verdeans, Puerto Ricans and Dominicans—shows marked disparities in wealth by race and ethnicity.
  • Race, Ethnicity and Wealth, an essay from the St Louis Fed's series The Demographics of Wealth. This essay examines the connection between race or ethnicity and wealth accumulation over the past quarter-century, based on analysis of data collected between 1989 and 2013 via the Federal Reserve's Survey of Consumer Finances.

The webinar will feature key takeaways as well as the implications for these analyses. There will be ample time to ask questions.

Speakers include:

Participation in this webinar is free; however, advance registration is required. Register for this session at the Connecting Communities website.

For more information, please email communities@stls.frb.org.

The Connecting Communities webinar series is a Federal Reserve System initiative intended to provide a national audience with timely information on emerging and important community and economic development topics. The webinar series complements existing Federal Reserve community development outreach initiatives that are conducted through Reserve Bank regional offices and at the Federal Reserve Board of Governors in Washington, D.C.