Can Baby Bonds Help Shrink the Wealth Gap? [CityLab.com]
Economics are the most common barometer for measuring inequality in America. A 2016 Brookings Institution report handed Boston the dubious distinction of having the highest income inequality in the country, with the top 5 percent of earners making an average of $266,224, compared to just $14,942 for the bottom 20 percent. That inequality is even more pronounced along racial lines and net worth. Staggeringly so. A white family in Greater Boston has a net worth of $247,500, according to a...