Single Black Women Have Median Net Worth of Only $5!

Filed in Gather News Channel by on March 13, 2010 0 Comments

Overall, women still make less than men, and consequently, have less assets, but a shocking study shows that for single black women, the difference is astounding, determining that the average single blck woman has a median net worth of $5.

Single white women in their prime work years had a median net worth of $42,600.

Net worth is the total measurement of one’s assets (savings, stocks, bonds, real estate, etc.) minus the total debts (mortgages, credit card bills, etc).

Read the whole story here in the Pittsburgh Post-Gazette.  It’s an interesting read, and makes you think about the financial imbalances in this country and what the causes might be.

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