A report published by The Insight Center for Community Economic Development is called, Lifting as we Climb: Women of Color, Wealth, and America’s Future . I was reading Field Negro blog and was shocked by a statement in the report about the median wealth of some single African-American women. It was $5 for some and a $100 for some others, but not all, just some.
The net worth after their debt is subtracted from the total value of their assets appears to be the problem. Some of these women are consumers rather than wealth builders.
Single women are being shortchanged, nearly half have negative wealth, according to the report. Young women between the ages of 18-35 have zero wealth, not just African-American women.
It is shocking to know, that while some African American women median net worth is $100, raced white women net worth comparison equal over $41,000 by the time they reach the age group ages 36-49. Moreover, the day after the report was released on International Women Day, Forbes reported 300 more billionaires. Talked about concentrated wealth!
Wow, racial discrimination, job discrimination, single parenting and subprime lending has done a number on us.
Really stunning!!
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i apologize this is off-topic.
ReplyDeletemy sympathies, repsects, and condlences to you over your recent loss- i just read about your brother in the obituaries.
you have always been kind to me, and so i empathize with your loss. although i never knew your brother, If he was a nice as you , well , that says a lot.
RIP. and i'll say a prayer for you and yours.
Peace, Jacqui
@ David
ReplyDeleteSorry, I am late getting back to you. Thanks for your kinds words. My brother was a kind and gentle spirit who trusted far too much. He took his last breathe and life has changed. Thank you for your prayer forme and my family.