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This is true, but I don't think the male/female disparity for blacks is anywhere near as big as for other groups. I found the following data for median personal income for 2005 in the U.S. in Wikipedia

This suggests other factors. Could it be that many more have negative equity? That they are more "responsible" than men, and are more likely to buy houses? Or is there some other reason?

by gk (g k quattro due due sette "at" gmail.com) on Thu Mar 11th, 2010 at 10:05:51 AM EST
[ Parent ]
Which percentage of the general population has below 5$ in wealth ? It may be than 45% of single white women have below $5 in wealth, or it might be only 20%. The problem with medians is that you look at a single data point, that might, or might not be very significant.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Thu Mar 11th, 2010 at 10:12:22 AM EST
[ Parent ]
According to the histogram that goes with the article, 23% of single whites (no difference between men or women) have zero or  negative net worth. I don't know what happens in the $0 to $5 band...
by gk (g k quattro due due sette "at" gmail.com) on Thu Mar 11th, 2010 at 10:20:48 AM EST
[ Parent ]
So I should have looked at the study. a pdf indicates that 23% of single white women have no net worth.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Thu Mar 11th, 2010 at 10:22:04 AM EST
[ Parent ]
Negative equity is an interesting distortion, because in order to have that little net worth, you need to be wealthy enough to buy a house in the first place.

I'd guess a net worth of $5 probably equates to rented accommodation and hand-to-mouth existence: money in, money out, zero savings. Just coping.  Is it worth noting at this point that a single woman with children will have far greater expenses than a man who doesn't pay child support?

Below that, credit card debt (or worse), maybe run up for necessities or as a result of sickness or unemployment.

by Sassafras on Thu Mar 11th, 2010 at 11:54:15 AM EST
[ Parent ]
Check my post below. 46% of black women have zero or negative net worth. I've no idea how to interpret this: it may refer to negative equity which might not be that bad if you can afford the mortgage payments, but it might also refer to, for example, debts for medical bills for elderly relatives.
by gk (g k quattro due due sette "at" gmail.com) on Thu Mar 11th, 2010 at 12:09:45 PM EST
[ Parent ]
There are debts other than housing debt. Cars, even a TV can be bought on debt (I'm not sure if in the UK too, though).

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Mar 11th, 2010 at 03:12:08 PM EST
[ Parent ]
Ah sorry, I see this is about the US not UK.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Mar 11th, 2010 at 03:14:09 PM EST
[ Parent ]
"Equity" may or may not have anything to do with it. Revolving debt has been easy for everyone to get for several decades, and it hasn't exactly disappeared despite the credit crunch.

you are the media you consume.

by MillMan (millguy at gmail) on Thu Mar 11th, 2010 at 07:47:42 PM EST
[ Parent ]
Student Loans.  Graduating from college already down $40,000 will put a lot of people into negative net worth.
by Zwackus on Sun Mar 14th, 2010 at 07:04:08 PM EST
[ Parent ]

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