Study: Median Wealth for Single Black Women: $100, Single Hispanic Women: $120, Single White Women: $41,000

The Insight Center for Community Economic Development released a report on the gender wealth gap to mark International Women’s Day. The report found nearly half of all single black and Hispanic women have zero or negative wealth, meaning their debts exceed all of their assets. The median wealth for single black women is only $100; for single Hispanic women, $120. This compares to just over $41,000 for single white women.

I know this sounds totally crazy, but watch the below Democracy Now video and they explain it a little more. Since its tax season I'd like to point out that this is one of the reasons the concept of a "progressive tax systems" exists.



Study: Median Wealth for Single Black Women: $100, Single Hispanic Women: $120, Single White Women: $41,000