Intergenerational inheritances only account for about 14% of the wealth gap between Black and white households, according to a recent study from the Federal Reserve Bank of Boston.
What is the main reason for a persistent wealth gap between white and non-white families in the U.S.? Hint: It's not inheritances.
"Pursuing a career that is going to give you a good chance of having high earnings for a long and stable career, that's that's where you want to go," said Jeffrey Thompson, an economist at the Federal Reserve Bank of Boston who co-authored the study.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bank collapse: First Citizens Bank buys Silicon Valley BankAll SVB customers will automatically become customers of First Citizens Bank.
Leer más »
Silicon Valley Bank has a buyerFounded in 1983, SVB became the go-to bank and financial services partner of technology startups.
Leer más »
The East Boston ferry makes a comebackSeasonal ferry service connecting Downtown Boston and East Boston resumed on Monday.
Leer más »
Bank of America signs on as new Boston Marathon sponsorThe Boston Marathon has agreed to a 10-year sponsorship deal with Bank of America that organizers hope will allow the world’s oldest 26.2-mile road race to grow over the next decade while maintaining its historic character.
Leer más »
Bank of America Becomes Presenting Sponsor for Boston MarathonThe bank replaces long-time, Boston-based sponsor, John Hancock Financial.
Leer más »
US Federal Reserve watchdog launches probe of SVB supervisionThe U.S. Federal Reserve's Office of Inspector General (OIG) has launched an independent review of the failure of Silicon Valley Bank (SVB), an OIG spokesperson said on Tuesday.
Leer más »