Closing The Wealth Gap For Black Women

On the eve of International Women's Day (March 8) a new report from the Insight Center for Community and Economic Development shows just how enormous a role gender and race play when it comes to wealth. Most likley because of the classic paycheck-to-paycheck reality faced by so many, the report found that single Black and Hispanic women, in particular, had zero or negative wealth, which occurs when debts exceed assets. "With so little in reserve, half of all single Black and Hispanic women could not afford to take an unpaid sick day or to even have a major appliance repaired without going into debt," says the report... Read More: Brand Me Minute: The MoneyLove Versus MoneySeven Reasons Your Mother Was Right About Money


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