Posted on 03/11/2010 7:05:19 AM PST by wac3rd
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.
(snip)
Ms. Lui said the Insight report would be used to encourage the government to close the wealth gap and improve the outlook for women of color, just as it did for Americans who received land through the Homestead Act, and education through the GI bill.
"If wealth was based on hard work, African-Americans would be the wealthiest people in our nation," she said. "It's not about behavior. It's about government policies. Who does the government help and who is it not helping?
"Our government knows how to build wealth for people. They've done it for others and they can do it for all of us..."
(Excerpt) Read more at post-gazette.com ...
But that does not include the money they get from the Earned Income Credit (usually $7000) food stamps, TANIF, Medicaid and much more.
How about a little societal change?
Unmarried and probably with x children - where x is a large number.
Probably can barely write and speak properly (politically incorrect, but sadly true).
And I’m supposed to do something about it?
Bull Obama.
Yup. And I believed the “statistics” produced by the global warming people too.
Wow! And yet they have apartments, utilities, health care, cell phones, etc.
Remarkable! :)
Just as believable as this crap.
I just posted elsewhere...
the inequities are due to the iniquities.
Don’t forget hair extensions, nails, perfect makeup.
.
“I owe much; I have nothing; the rest I leave to the poor.” (Rabelais, 1553)
“Our government knows how to build wealth for people. They’ve done it for others and they can do it for all of us...”
Statist Moron
Please!!
Looks like 'the gubmint' hasn't done the job! But keep voting for your Demrat overlords who promise to stick it to the man so you get your wealth. Paging Herman Cain.....
I would think in today’s world a black woman would have many more opportunities than any other person. Especially if they actually did the work to educate themselves (and the government offers this for free for those that seek it).
Who would have guessed it was that high? How about the statement that if wealth was based on hard work, they would be the wealthiest—amazing. Note that the answer is for more handouts from the taxpayers. Why don’t they take a look at the number of illegitimate children which they have? The numbers are astounding in Florida.
And it’s my fault? I don’t think so.
You left out crack.
$200 shoes, PS3’s, the list of luxuries is near endless.
Isn't about time America had a discussion about race?
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