Median wealth for a single black female is $5 (money, percent, working)

[GiantRutgersfan]

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.


"That means half of [black women] have a net worth of more than $100 and half have a net worth of less than $100," Ms. Lui said. "So that gives you an idea of how far in debt some women of color are."

Married or cohabitating white women have a median wealth of $167,500. Married or cohabitating black women have a median net worth of $31,500.

Study finds median wealth for single black women at $5


Wow. talk about poor money management. they should have more practical classes like budgeting and household management in black areas apparently.

[kerrymac]

I guess this is the white mans fault