Ayanna Pressley: “The median net worth for white households in Boston is…”

“I represent the Massachusetts 7th congressional district. And a report by the Federal Reserve bank of Boston found, and this will shock many, but that The median net worth for white households in Boston is $247,500, while for black households, it is a mere $8. That has everything to do with housing. Dr. Hamilton, would you agree that home ownership plays an essential role in wealth building? Yes, and thank you, Congresswoman.” (00:56–01:08)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.