Black women serve a critical role in the American economy, contributing $3.8 billion to the GDP annually. They own 21% of all women-owned businesses. And they have the highest labor force participation rate for women.
Yet they still experience a significant wealth gap. (They earn 62 cents for every one dollar white men earn working full-time, year-round.)
So, where can Black women feel supported and experience a lower wealth gap?
There are pockets of the U.S. where the wealth gap narrows and Black women have more opportunities. Check out my latest article with MoneyGeek, where we analyzed data on income, the cost of crime, homeownership, and poverty levels from 200 cities across the United States to rank the best — and worst — cities for Black women to live.
Erin C. Perkins | Content Specialist 