Study Finds Median Wealth for Single Black Women at $5

Study finds median wealth for single black women at $5.

[S]ingle 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.

For all working-age black women 18 to 64, the financial picture is bleak. Their median household wealth is only $100. Hispanic women in that age group have a median wealth of $120.

 As if income disparity weren’t bad enough, these same people don’t even have the safety cushion provided by the accumulation of wealth. Not many people want to be unemployed, but if one end up in this position, it is much easier to take with a bit of a safety net. The United States’ prison-industrial system doesn’t help either. The question is what can we do do help these people?

[Via http://ittecon.wordpress.com]