Black women do not save. That is, of course, unsurprising considering the American culture of consumption has transformed into a culture of debt [1]. But it just so happens that structural racism has made partaking in this culture all the more costly for Black communities.
A few weeks ago, the Post Gazette featured a study that explored into the racial wealth gap in the United States. This time, researchers analyzed the fiscal divisions through a gendered lens. The findings told what we already knew: Whites (this time women) control the overwhelming majority of wealth in the United States.
The writeup, titled “Study Finds Median Wealth for Single Black Women at $5” (an obvious attempt to capitalize off of the mainstream media's obsession with the pathology of Black women.), wasn't perfect [2]. But the fact remains: the economic structure of this country combined with the financial illiteracy of Black women promise us certain financial doom.
I chose Harvard because I love to intellectualize, and I love being around people who love intellectualize. Pointless conversations don't exist. I take something away from every interaction I engage in.
Growing up around the compassionate conservatives of suburban Texas/Oklahoma has taught me the value of alternative viewpoints. I never discount someone's intelligence or motives simply because they don't agree with me. I reserve my venom for the unabashedly xenophobic and the willfully ignorant.
There was a recent exchange on an email list I'm on about Jill Scott's column for Essence on interracial dating. I expected tempers to flare because lets face it: Ivy League Male is to White Girls as Tyler Perry is to Big Black Peen, but I wasn't expecting this.
A Harvard Business School graduate came up with these gems.
