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

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