Daily Kos: The Theft of Wealth from People of Color: Who and What are We Organizing For?
The Economic Immobility and Financial Insecurity for People of Color
According to a Pew Research Center study released last week, the median wealth (assets minus debt) for white households is a little over $113,000, whereas the median wealth for black households is little more than $5600. According to a study released last year by Insight, Center for Community Economic Development, the median wealth for single black women is $100. Twenty-five percent of women of color have student debt, and nearly 50 percent of women of color have credit card debt in order to pay for basic necessities, thereby endangering financial security and economic mobility. According to Insight "[s]ingle black and hispanic women have one penny of wealth for every dollar of wealth owned by their male counterparts and a fraction of a penny for every dollar of wealth owned by single white women." Read More Here
h/t Adrienne
According to a Pew Research Center study released last week, the median wealth (assets minus debt) for white households is a little over $113,000, whereas the median wealth for black households is little more than $5600. According to a study released last year by Insight, Center for Community Economic Development, the median wealth for single black women is $100. Twenty-five percent of women of color have student debt, and nearly 50 percent of women of color have credit card debt in order to pay for basic necessities, thereby endangering financial security and economic mobility. According to Insight "[s]ingle black and hispanic women have one penny of wealth for every dollar of wealth owned by their male counterparts and a fraction of a penny for every dollar of wealth owned by single white women." Read More Here
h/t Adrienne
