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How much of that effect is "black" and how much is "woman"? The story doesn't compare them to black men, you'll notice.

Mind you, when I read the headline I assumed it was a global study, so it included all the insanely poor women in Africa ...

by Colman (colman at eurotrib.com) on Thu Mar 11th, 2010 at 10:10:11 AM EST
The PDF file that the article links to says that 46% of single black women vs. 33% of single black men have zero or negative net worth. So there is a significant difference.
by gk (g k quattro due due sette "at" gmail.com) on Thu Mar 11th, 2010 at 10:19:01 AM EST
[ Parent ]
I bet the difference is made up of single mothers.

The brainless should not be in banking -- Willem Buiter
by Migeru (migeru at eurotrib dot com) on Sun Mar 14th, 2010 at 09:37:57 AM EST
[ Parent ]
And how much is, well, poverty ? Hispanics single women hardly have more net worth according to the study...

Race is often used as an explanation, hiding that, well, poor people are poor.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Thu Mar 11th, 2010 at 10:21:09 AM EST
[ Parent ]
I think the data shows that black people are more likely to be poor.

So race is a significant factor.

by Sassafras on Thu Mar 11th, 2010 at 11:42:49 AM EST
[ Parent ]
It also hints at a difference in the reasons why the typical American woman stays single into their prime working age, depending on their race. The single whites whose median wealth is $46k are more likely to have stayed single and childless to get ahead in a professional career. The single blacks with a median wealth of $5 are caught in a cycle of poverty and probably are single mothers which has kept them from getting ahead economically.

The brainless should not be in banking -- Willem Buiter
by Migeru (migeru at eurotrib dot com) on Sun Mar 14th, 2010 at 09:37:01 AM EST
[ Parent ]

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