BLACK GIRLS WEALTH
About Us
Blacks Girls Wealth was founded to continue the ongoing initiative for Economic Justice-evolving each generation. Ensuring Equitable Economic Outcomes for Black girls, ages 10-17.
in the New Digital Economy.
Black Girls Wealth Corporation is a 501(c)(3), nonprofit organization.
Donations are tax-deductible.
TAX ID 85-2456016
Black Girls Green is our Climate Change Initiative and Commitment.
Ensuring Economic Stability and Environmental Stewardship.
Wealth Gap
In the second quarter of 2020, white households—who account for 60 percent of the U.S. population—held 84 percent ($94 trillion) of total household wealth in the U.S.
Comparatively, Black households—who account for 13.4 percent of the U.S. population—held just 4 percent ($4.6 trillion) of total household wealth.
Median Wealth for Black & White Households 1989-2019
White Households
All Households
Black Households
i
In 2019 the median white household held $188,200 in wealth—7.8 times that of the typical Black household ($24,100; figure 1). It is worth noting that levels of average wealth, which are more heavily skewed by households with the greatest amounts of wealth, are higher: white households reported average wealth of $983,400, which is 6.9 times that of Black households ($142,500; SCF). While median wealth is more reflective of the typical household, the scale of average wealth is indicative of the outsized levels of wealth held by the richest households.
Source: https://www.hamiltonproject.org
Evaluating wealth gaps by race as well as gender provides clear evidence of the relatively meager resources that women—Black women, in particular—have to withstand the economic shocks of the COVID-19 recession.
Racism
and the Economy
Economic
Inequality
Atlanta Fed president Raphael Bostic delivered opening remarks on the second day of the Opportunity Finance Network’s 2020 virtual conference.
Our
Impact
Black Girls Wealth is a future-forward non-profit corporation founded in 2020. Our impact will be measurable as we begin building the infrastructure— in partnership with local community experts, organizations, private and public partnerships.
Black Girls Wealth Corporation is a 501(c)(3), nonprofit organization, EIN 85-2456016.
Donations are tax-deductible. IRS Determination Letter available upon request.
