WASHINGTON – Women of color face an enormous wealth gap when compared to the rest of society, undermining their future economic security and the nation’s long-term prosperity, according to a report released on Monday to coincide with International Women’s Day.
Single black and Hispanic women are particularly hard hit, owning only a penny of wealth for every dollar owned by their male counterparts and a fraction of a penny for every dollar owned by single white women, according to the report released by the Insight Center for Community Economic Development at a Capitol Hill symposium on the economic security of women.
- Single black and Hispanic women have a median wealth of $100 and $120 respectively; the median for single white women is $41,500.
- Nearly half of all single black and Hispanic women have zero or negative wealth, the latter of which occurs when debts exceed assets.
- About one-third of single Hispanic women and one-fourth of single black women have no checking or savings account.
Maybe that's why Tiger Woods wasn't dating any sisters.
He said he was always worried about his financial security!
And for the PC crowd--that doesn't have any sense of humor---get a life!
Heck, you folks got bent out of shape from Vogue!