Women, Race and Wealth is the first in a series of briefs that summarize patterns of household wealth among Black and white women by college education, family structure and age using the Panel Study of Income Dynamics (PSID). Researchers from Duke University and the Insight Center for Community Economic Development analyzed data on assets such as savings and checking accounts, stocks, retirement accounts, houses and vehicles. Debts included credit card debt, student loans, medical debt, mortgages and vehicle debt.
Research shows that circumstances do not improve over time for these women. Married white women without a college degree have nearly four times the wealth of their Black counterparts.
Single Black women aged 60 and older with a college degree have a mere $11,000 in wealth, which is in stark contrast to the $384,400 in median wealth among single white women that age with a bachelor’s degree.
Click here to download a PDF of the full research brief and be sure to share this out with your community using the hashtag, #womenandwealth.