<p>This case study investigates the existence of banking and check-cashing deserts in Boston and explores their implications for economic inequality and health disparities. Building upon prior research on resource deserts, we identify neighborhoods in Boston as either banking hot spots or cold spots. Our findings reveal a stark resemblance between the distribution of these financial services and historical racial residential segregation stemming from redlining practices in the 1950s. Notably, areas with a higher percentage of Black residents exhibit reduced access to banks, emphasizing racial disparities. The case study also uncovers potential relationships between key sociodemographic factors and hot spot designation. In particular, the proportion of renters positively influenced banking hot spots. Ultimately, further exploration of the disparities identified in this case study could help improve economic stability in underserved communities. Funding Declaration. The authors have no relevant financial or non-financial interests to disclose. Ethical Approval. This case study did not involve human or animal subjects, and therefore, no ethical approval was required or obtained. Clinical trial number. Not applicable. Consent to Participate. This case study did not involve human or animal subjects, and therefore, no consent to publish was required or obtained. Consent to Publish. This case study did not involve human or animal subjects, and therefore, no informed consent was required or obtained.</p>

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Exploring economic disparities in banking access using geographic information systems and hot spot analysis

  • Zoë Harris,
  • Anton Rozhkov

摘要

This case study investigates the existence of banking and check-cashing deserts in Boston and explores their implications for economic inequality and health disparities. Building upon prior research on resource deserts, we identify neighborhoods in Boston as either banking hot spots or cold spots. Our findings reveal a stark resemblance between the distribution of these financial services and historical racial residential segregation stemming from redlining practices in the 1950s. Notably, areas with a higher percentage of Black residents exhibit reduced access to banks, emphasizing racial disparities. The case study also uncovers potential relationships between key sociodemographic factors and hot spot designation. In particular, the proportion of renters positively influenced banking hot spots. Ultimately, further exploration of the disparities identified in this case study could help improve economic stability in underserved communities. Funding Declaration. The authors have no relevant financial or non-financial interests to disclose. Ethical Approval. This case study did not involve human or animal subjects, and therefore, no ethical approval was required or obtained. Clinical trial number. Not applicable. Consent to Participate. This case study did not involve human or animal subjects, and therefore, no consent to publish was required or obtained. Consent to Publish. This case study did not involve human or animal subjects, and therefore, no informed consent was required or obtained.