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The gender wealth gap is even more concerning than the wage gap. Here’s why.

September 20, 2017

By WP BrandStudio for The Lily on Medium

32 cents.

That’s how much single women have for every dollar of wealth owned by their male counterparts. The disparity is much greater for single women of color, who have only pennies on the dollar compared to single white men.

The gender wage gap receives significant attention, which is important. We know women make, on average, 80 cents on the dollar compared to men. But less understood and perhaps even more concerning is the gender wealth gap, the discrepancies in net worth between men and women.

The statistics, like those above, are overwhelming. In 2013, the median net worth for single black women in the United States was just $200. For single Latina women, it was half that — a staggering $100.  Read more here.

 

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