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Prabal Chakrabarti

Aug 12, 2026

2:17
Why do you think it's important to conduct surveys like this one?
2:20
The Fed looks at a lot of data to understand the economy.
2:24
Looking especially at wealth, it's one of the gauges on the dashboard to see how people are faring, how families and their household economic conditions are doing.
2:35
And so this survey provides that kind of data across different geographies and demographic groups, and it gives us a real snapshot of the Commonwealth.
2:48
The Fed uses other data and surveys around wealth nationally.
2:54
But this is a first of its kind survey with this rigor and coverage to really give this picture for a state.
3:02
And so we're very excited to have this out to foster a dialogue and a conversation about the results, about what they mean, and the extent to which they reflect that people are able to achieve economic opportunity.
4:49
Can you expand a little on that?

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