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).
The report, released on the eve of the January 2017 Women’s March, underscores the great disparities women of color in this country face.
- Single white women without a college degree have $3,000 more in median wealth than single black women with a college degree.
- Single white women with a bachelor’s degree have seven times the wealth of their black counterparts, $35,000 and $5,000 in median wealth, respectively.
- Married white women without a college degree have nearly four times the wealth of their black counterparts.
- Single black women aged 60 and older and 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.