black economic history

Why is the median net worth of single black women just $5?

Why is the median net worth of single black women just $5?

by Dr Boyce Watkins

Most of us recall a story a while back about the fact that the median net worth of a single black woman being just $5.   This number compares to $42,600 for single white women.  Married black women, according to the study, have a median net worth of $31,500.  Married white women are doing extremely well, with a median net worth of $167,000.

Nomalanga Mhlauli-Moses and I decided to hit the issue of black female net worth today. It’s interesting how family planning can make the difference between having what you want and going into poverty. This isn’t just a testament to the experience of black women, but also that of black men as well. Paying child support to multiple women can be a huge financial drain. Smart men are wise to realize this before they get themselves into trouble.

The conversation is below and is a good one.  I hope you enjoy.


black economic history

FJT aims to be the information hub that empowers Black wealth creation. We are behind FJT's fresh & insightful content that helps you think, learn, laugh, and move towards action to create a stronger Black community.

More in black economic history

Dr Boyce Watkins: How to build wealth by investing just $5 a day

FJT StaffJune 6, 2017

Cathy Harris: Why Black People Should Not Get Involved With Network and Multi-Level Marketing

yolandaMay 15, 2017

Dr Boyce Watkins: The six things your kids need to know in order to be supremely well-educated

FJT StaffApril 29, 2017

Dr Boyce Watkins: Here’s the #1 cure for racism on the job

FJT StaffApril 1, 2017

Dr Boyce Watkins: Black Wealth building is the new civil rights movement

FJT StaffFebruary 21, 2017

Dr Boyce Watkins: Yes, I was banned from Facebook. Here’s what happened

FJT StaffJanuary 6, 2017