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The Boston Globe
Mass. families struggle with $400 emergencies
New data from the Federal Reserve Bank of Boston reveal significant wealth disparities across demographic groups in Massachusetts, with white families holding a median wealth of nearly $550,000, compared to just $1,200 for Hispanic families. The report shows that over 80% of Haitian families in Greater Boston cannot afford a $400 emergency expense, highlighting economic struggles within that community. The survey analyzed assets and debts of over 5,000 respondents, emphasizing ongoing wealth inequality in the state.
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