
Beth Mattingly
Assistant Vice President, Research & Communications at the Federal Reserve Bank of Boston, specializing in family financial well-being and household wealth research.
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Aug 12, 2026
Family wealth in Massachusetts
9:09
9:18
9:26
9:36

Beth MattinglyGUEST
As you said, the value of their home, any value in vehicles, boats, cash on hand, savings, art, cryptocurrency.

Beth MattinglyGUEST
So all the, you know, as many things as we can capture that add value to that household's budget.

Beth MattinglyGUEST
So student loan debt, credit card debt, medical debt, legal debt, the whole host of things that would detract, that would take away from that balance sheet.

Beth MattinglyGUEST
And so we subtract those debts or those liabilities from the total asset value to come up with a net wealth amount.
