Podcast interview: Boston Fed and partners re-examining wealth divides in the region
Six Hundred Atlantic sits down with community development executive Prabal Chakrabarti
Gaining a better understanding of regional wealth disparities is critical to the Boston Fed’s work to promote economic growth. It’s why the Bank recently announced it would partner with several organizations on a new research effort that takes a closer look at gaps in financial stability, wealth accumulation, and economic mobility that span race and geography in Massachusetts. The research is a follow-on to the Bank’s 2015 “Color of Wealth” report, which is often cited because of the stark wealth disparities it found between minority and white households in the Boston area.
Boston Fed Community Affairs Officer Prabal Chakrabarti joined the Six Hundred Atlantic podcast to discuss the aims of the new study, how it differs from previous work in the space, and why this kind of work, in partnership with local groups, is so essential.
Listen to the episode here.