Anything Goes

black women commentary money

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.