Black Women Are The Fastest Growing Group Of Entrepreneurs, But Major Systemic Obstacles Are Still Standing In Their Way
Black Enterprise also reports that in addition to restricted access to capital, women of color find themselves fighting harder to get access to influential networks and mentors. One of the reasons why has to do with the growing wealth disparities between black and white families in the United States, which places black women on a lower starting block from the outset. A 2017 study by the Samuel DuBois Cook Center on Social Equity and Insight Center for Community Economic Development noted that while a single white woman with no bachelor’s degree has a median wealth of around $8,000, a single black woman with a bachelor’s has a median wealth of $5,000. On top of this, single white women with a bachelor’s degree have an incredible seven times the wealth of their black counterparts; $35,000 and $5,000 in median wealth, respectively.
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