More Black Women Going Bankrupt [Study]
Black Enterprise Magazine September/October 2018 Issue

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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BLACK ENTERPRISE Editors

Black Enterprise is a black-owned multimedia company. Since the 1970s, its flagship product Black Enterprise magazine has covered African-American businesses with a readership of 3.7 million.


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