Wednesday, June 1, 2011

An African American Woman's Worth

There are unlimited amounts of stereotypes for the average African American female. Not much is expected of us. We're usually depicted as "video vixens", single mothers, entertainers, or even worse drug addicts. Money in the black community is a major issue. I recently came across an article discussing the net worth of the average African American woman. As expected I was appalled at the approximation. Our net worth on average is a mere five dollars, while the net worth of the average caucasian female is 14,000 dollars! The  underlying reason for this is most of us live paycheck to paycheck. No money saved, our liabilities are worth more than our assets and the majority of us are single. Although the rate of highly educated African American women is rising they are also remaining financially unstable. Their financial insecurity is mainly caused by student loans. Student loans are the main culprit of financial insecurity in America period. In my opinion this fact is very ironic. Many people, especially African Americans look to school as a way to secure a rewarding career and become self sufficient.  It's very unfortunate that your way of getting ahead will eventually become your downfall.




"Something that I find pretty disturbing"












Todays society is without a doubt money motivated. If the avenue to make money includes college and college leads to debt, where is the incentive? 

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