Wealth Gap is Greatest for Women of Color

Study shows wealth inequality is much greater than income gap

Policy recommendations to help narrow the wealth gap:

• Target financial resources for education and training women of color in sectors and occupations with high opportunities for career advancement.
• Implement universal early childhood education programs to better prepare children for success in school, and recognize that women are participants in the labor force.
• Increase Small Business Administration assistance to microenterprises.
• Make the Make Work Pay tax credit, which covers the self-employed, permanent.
• Remove asset limits from public assistance program eligibility
• Make the Child and Dependent Care Tax Credit refundable
• Expand allowable expenditures for matched Independent Development Accounts in the Assets for Independence program.
• Institute minimum benefits for the Social Security program. This would lift many people-particularly women of color-out of poverty.
• Restructure Social Security for part-time workers.
• Extend unemployment benefits to part-time workers.

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10 Responses to Wealth Gap is Greatest for Women of Color

  1. Shondelle Wills-Bryce says:

    This is truly an amazing, yet troubling read. It is an eye opener for me as a young, married woman and definitely something to share with my daughters and nieces.

    Thank you for the information

  2. Tracy Bullard says:

    Hi Latoya, It doesn’t surprise me that the wealth differential for us & white women are so alarmingly different. I’m one of those African American sister your article speaks about. Working hard everyday to succeed in my current career being promised a raise and promotion but nothing . My wages are extremely low I live inCalifornia where the recession is ten times the nationals average; So for me to leave my present job to seek better employment would be digging a grave for myself & family. What do I do?

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