You can just imagine how unsurprised I was upon reading Study finds median wealth for single black women at $5 by Tim Grant Pittsburgh Post-Gazette. While I thought that my other sistas may have a bit more in terms of financial worth.
Women of all races bring home less income and own fewer assets, on average, than men of the same race, but for single black women the disparities are so overwhelmingly great that even in their prime working years their median wealth amounts to only $5. (Tim Grant Pittsburgh Post-Gazette, March 9, 2010).
Considering that Grant's article is dated for 2010 and how things are today, it is not difficult to believe that this may still hold true today. While some feminists are demanding for an increase in wages due the gap between women and men, we also need to start demanding an increase in wages based on race. Women of color (Black, Latina, and Native American and Alaska Native) make around 35 percent less than white men. That is a big difference compared to the overall wage gap of 22 percent between white women and men. Some of the contributing (the social and economic) factors to this are job placement, hours, and discrimination based on gender and race.
Across the board, women of color are more likely than white women to be shunted into the lowest-earning occupations in the service sector and in sales and office jobs (Milia Fisher, April 14, 2015).
Lower wages, a lack of opportunities for advancement and wage increase, and work place protections for women of color contribute to women of color have a net worth $5 or less. Add in the costs of living and paying for a post-secondary education, and women of color are basically in the red. While many women of color may work hard to stay afloat, the reason is to most likely keep their children from being in the same position once they become adults. Basically giving life to the term "I work hard, so you don't have to" or something along that line. My mother's lifestyle was dedicated to providing her daughters with the means, so they (we) could live a better life. This seems to be the trend with previous generations, but we can't just look at as things will be better for the next generation. Why do we have to wait? Why can't life be better for us? It is possible to see change during our generation.
Issues and concerns for women of color have previously and consistently taken a back seat to those of other people. For example, feminism is very white girl heavy, and race issues primarily focus on the discrimination and violence against men of color. While women of color stand with others, not everyone has our backs when it's our turn in the spotlight. The White House's involvement with a new initiative to support the lives of women and girls of color (announced in November 2015). This is just the start, and it can continue to grow and thrive into movement that improves the lives of our generation. The White House Council on Women and Girls is taking notice to the needs of women of color. They've improved the lives or others and have the ability to do the same for us
If you are feeling a little impatient in regards to seeing results of this initiative, there are ways that women of color can get involved to push change. Supporting women of color owned businesses that can create managerial positions and employment opportunities for women of color is one and one of the easiest to do. This are getting started and moving along, but let's see where we can take this movement and see it flourish during our generation.