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Study finds median wealth for single black women at $5

Posted By admin On March 10, 2010 @ 4:54 am In Money Watch | Comments Disabled

Tim Grant,
Pittsburgh Post-Gazette [1]
March 10, 2010

Women of all races bring home less income and own fewer assets, on average, than men of the same race, but for single black women the disparities are so overwhelmingly great that even in their prime working years their median wealth amounts to only $5.

In a groundbreaking report released Monday by a leading economic research group, social scientists turned a spotlight on the grave financial challenges facing an often overlooked group of women, many of whom could not take an unpaid sick day or repair a major appliance without going into debt.

“It’s rather shocking,” said Meizhu Lui, director of the Closing the Gap Initiative based in Oakland, Calif., who contributed to the report “Lifting as We Climb: Women of Color, Wealth and America’s Future.”

Among the most startling revelations in the wealth data is that while single white women in the prime of their working years (ages 36 to 49) have a median wealth of $42,600 (still only 61 percent of their single white male counterparts), the median wealth for single black women is only $5.

Full article here [1]

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URLs in this post:

[1] Pittsburgh Post-Gazette: http://www.post-gazette.com/pg/10068/1041225-28.stm

[2] Another Study Finds GMO Compounds in 100% of Pregnant Women and Fetuses: http://www.prisonplanet.com/another-study-finds-gmo-compounds-in-100-of-pregnant-women-and-fetuses.html

[3] Single women’s health insurance premiums set to double in California, thanks to Obamacare: http://www.prisonplanet.com/single-womens-health-insurance-premiums-set-to-double-in-california-thanks-to-obamacare.html

[4] Give pregnant women priority for swine flu vaccine, study urges: http://www.prisonplanet.com/give-pregnant-women-priority-for-swine-flu-vaccine-study-urges.html

[5] 4 Yrs at Private College = $130,468; Median-Priced Existing Home = $173,100; U.S. Debt Per American Under 18 = $218,676: http://www.prisonplanet.com/4-yrs-at-private-college-130468-median-priced-existing-home-173100-u-s-debt-per-american-under-18-218676.html

[6] Things Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row: http://www.prisonplanet.com/things-are-getting-worse-median-household-income-has-fallen-4-years-in-a-row.html

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