The Women’s Wealth Gap:What it Is, Why it Matters, and What Can Be Done About It
In recent years, the national discussion about the causes of—and solutions to—inequality has focused on income. But for women, a focus on income alone is insufficient because the gender wealth gap is far greater than the income gap. We all know that women earn only 79 cents on the dollar compared to men, but less known is the fact that women own only 32 cents on the dollar compared to men. For women of color, the gap is a chasm: median wealth for single Black women is $200 and $100 for Latina women—just pennies on the dollar compared to white men and white women.