Tue. March 16, 2010
Women of color face an enormous wealth gap when compared to the rest of society, says a new report by the Insight Center for Community Economic Development. However, the wealth gap is far narrower for minority women belonging to a union, says one official.
The report released at the “Economic Security for Women” symposium in Washington, DC, defines “wealth” as a person’s assets minus their debt (which is different from income). Results show single African-American and Hispanic women have a median wealth of $100 and $120 respectively. The median for single white women is $41,500.
