A review of the 2007 Survey of Consumer Finances data reveals a troubling disparity: the top black 1 percent of households by income did not include a woman as head of the household . The same is true for for Hispanics. This doesn't mean female-headed households do not exist among the top income earners, but their numbers appear to be small.
"It's somewhat depressing, but it kind of shows us for every Sheila Johnson or Oprah Winfrey, clearly hundreds of thousands are financially struggling and not where they want to be in terms of income and net worth," says Lynnette Kalfani-Cox, Co-founder of Askthemoneycoach.com, a free financial advice blog.
Black women lack participation in so-called "wealth builders," says Wilhelmina Leigh, Senior Research Associate at the Joint Center for Political and Economic Studies , Leigh says looking at the drivers of wealth underscores the scarcity of black women in the top 1 percent.
Read more at The Grio.
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