An African American blog of politics, culture, and social activism.
Study: Median Wealth for Single Black Women: $100, Single Hispanic Women: $120, Single White Women: $41,000
The Insight Center for Community Economic Development released a report on the gender wealth gap to mark International Women’s Day. The report found nearly half of all single black and Hispanic women have zero or negative wealth, meaning their debts exceed all of their assets. The median wealth for single black women is only $100; for single Hispanic women, $120. This compares to just over $41,000 for single white women. We speak with the chief author of the report, Mariko Lin Chang and C. Nicole Mason, Executive Director of the Women of Color Policy Network.