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Thursday, July 16, 2015

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

Eastern 3:00 PM - 4:00 PM
Central 2:00 PM - 3:00 PM
Mountain 1:00 PM - 2:00 PM
Pacific 12:00 PM - 1:00 PM
Alaska 11:00 AM - 12:00 PM
Hawaii 9:00 AM - 10:00 AM
Related Information & Resources Webinar link
Session Description:

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 for 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, containing 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.
  • An essay on race, ethnicity, and wealth from the St Louis Fed’s series The Demographics of Wealth, examining the connection between race or ethnicity and wealth accumulation over the past quarter-century. The essay is based on analysis of data that was 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:

  • William Darity, Duke University;
  • Bill Emmons, Federal Reserve Bank of St. Louis;
  • Darrick Hamilton, The New School;
  • Ana Patricia Muñoz, Federal Reserve Bank of Boston; and
  • Bryan Noeth, Federal Reserve Bank of St. Louis.
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