Single black and Hispanic women have a median wealth of $100 and $120 respectively, compared to $41,500 for single white women, according to a newreport from The Insight Center for Community Economic Development. Further, the report also finds that on reservations, where unemployment rates can be as high as 70 percent, Native American women are hard pressed to fulfill “job search” requirements to qualify for the Temporary Assistance for Needy Families program.
To examine the wealth gap facing women of color, Spotlight gathered three members of the Insight Center’s Experts of Color Network. Among the topics discussed with Spotlight moderator Mary Jo Gilmore, were the similarities and differences in the barriers to asset-building for African-American, Asian-American, Hispanic and Native American women. The interview also examined what needs to be done to ensure that policymakers and government officials have accurate economic data disaggregated by race, gender and ethnicity. The guests also discussed innovative and effective programs that are helping to close the wealth gap for women of color.
- Avis Jones-DeWeever, director of the Research, Public Policy and Information Center at the National Council of Negro Women
- Doua Thor, executive director of the Southeast Asia Resource Action Center
- Jacqueline Johnson Pata, executive director of the National Congress of American Indians
Read the Insight Center’s report, Lifting as We Climb: Women of Color, Wealth and America's Future, full paper (pdf) or executive summary (pdf).