- Sep 12, 2009
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The findings were from 2010, though I doubt there are any substantial change since
this study was first produced:
"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.
This is alarming. But it's also inaccurate. From the study:
this study was first produced:
"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.
This is alarming. But it's also inaccurate. From the study:
Young women ages 18-35, whether white or non-white, are beginning their adult
years with a median wealth of zero, meaning that at least half of women in this age
group had no wealth or had debts greater than the value of their assets (see Table
3). However, while white women in the prime working years of ages 36-49 have a
median wealth of $42,600 (still only 61% of their white male counterparts), the
median wealth for women of color is only $5.
This is still really alarming. But obviously, conclusions about women of color--all
nonwhite women and Latinas of all races, according to the study-- of a certain age,
are very different than conclusions about black women in particular. Professor
Chang was kind enough to talk to me this evening and verified that $5 dollar stat
applied to women of color as a whole, and not just black women."
Read here: http://www.theatlantic.com/national...ian-wealth-for-single-black-women-at-5/37395/
years with a median wealth of zero, meaning that at least half of women in this age
group had no wealth or had debts greater than the value of their assets (see Table
3). However, while white women in the prime working years of ages 36-49 have a
median wealth of $42,600 (still only 61% of their white male counterparts), the
median wealth for women of color is only $5.
This is still really alarming. But obviously, conclusions about women of color--all
nonwhite women and Latinas of all races, according to the study-- of a certain age,
are very different than conclusions about black women in particular. Professor
Chang was kind enough to talk to me this evening and verified that $5 dollar stat
applied to women of color as a whole, and not just black women."
Read here: http://www.theatlantic.com/national...ian-wealth-for-single-black-women-at-5/37395/