A lot has been mentioned of the high divorce rate for black marriages and it has been shown that money is the leading cause of today's divorces. With black men and women typically making less money than their white counterparts, one might deduce that this very factor makes finance influenced divorce more prevalent among blacks. But there is another factor, that being financial habits. A recent study gives a startling revelation about the financial circumstances of single black women:
"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."
"Among the most startling revelations in the wealth data is that while single white women in the prime of their working years (ages 36 to 49) have a median wealth of $42,600 (still only 61 percent of their single white male counterparts), the median wealth for single black women is only $5."