More Black Women Going Bankrupt [Report]

Studies show that black women continue to fall short financially in comparison to their white counterparts

From BlackNews.Com

Three studies released this year continue to show the dire financial state many African American women are finding themselves in.

A study earlier this year showed that blacks are eroding their retirement savings at a rate quicker than others.

Another study found that the single median wealth income of black women is $100 compared to that of single white women which is $41,000.

Other research shows that more and more Black women are filing bankrupcty, and defaulting on student loans – which has an overall default rate of about 15% now for for-profit colleges, according to the U.S. Dept of Education.

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