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.
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African Americans and white Americans differ in the type and magnitude of their asset holdings. Perhaps as a result of these differences, the two groups also have differing perspectives on and responses to the 2008-2009 economic downturn. Similarities of perspective exist between the groups as well. For example, both African Americans and whites report similar levels of confidence in the nation’s financial institutions and sector. These findings are from a survey of 850 African Americans and 850 members of the general U.S. population (including 721 white Americans) that was conducted for the Joint Center for Political and Economic Studies by Research America between May 21 and June 9, 2009. The Joint Center for Political and Economic Studies National Opinion Poll about Social Security, Retirement Savings and the Economic Downturn found many striking differences between African Americans and whites on these topics.
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To better understand the issues and to inform its deliberation in formulating recommendations for policy, research, and practice, the Infant Mortality Commission asked experts in various fields related to maternal and child health and infant mortality to prepare background papers on specific issues. This background paper seeks to expand our understanding of the causes and effects of infant mortality within a broader global context. It offers comparisons between infant mortality in the U.S. and in other nations across the globe, providing a compassionate examination of the impact of social and economic inequalities on population health and infant mortality. The author concludes with policy recommendations to help mitigate or eliminate the inequalities that contribute to infant mortality. This analysis complements and reinforces the recommendations of other Courage to Love: Infant Mortality Commission background and framing papers on infant mortality and maternal nutrition; infant mortality and resilience; the role of breastfeeding in maternal and infant health; the historical framework of policies and practices to reduce infant mortality; and the authentic voices of those affected by infant mortality.
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