Recent findings from the Federal Reserve Bank of St. Louis have highlighted a wealth gap in the tech industry, particularly impacting never-married Black and Hispanic women. The research focused on the 23% of adults who have never been married, stripping away any outside sources of wealth that could come from being divorced or widowed. Never-Married Black And Hispanic Women Are Worse Off In that group, alarmingly, never-married Black women have just 8 cents for every dollar that white men have, amounting to a median wealth of only $3,300 as of 2022. Never-married
Black-owned businesses can help close the racial wealth gap in the United States, a report has found. The “Gather Against the Gap” report marked a significant step towards addressing the racial wealth gap that critically impacts Black Americans. The Racial Wealth Gap The data found a $10 trillion racial wealth gap in the United States. The gap was illustrated by the median wealth of Black households at $20,000, in contrast to $180,000 for white households. This wealth disparity, coupled with an employment and income gap, significantly hinders the economic progress
