Entrepreneurs
in Our Midst
Women and Wealth
Black families—particularly Black women—have to contend with a significant wealth divide.
Closing the wealth gap doesn’t happen overnight—it's a multigenerational effort.
Creating an intentional, educated financial plan is one of the best ways to shrink the gap.
In a 2021 report, Goldman Sachs revealed that America’s Black women hold more than 90 percent less wealth than American white men. It states that “Only 0.5% of Black women own their own businesses — White men are 24 times more likely to own their own business than Black women. Access to funds and investment is a major barrier to successfully opening a business — Black business owners are 20% less likely to fund their startups with bank business loans.”
The wage gap for Black women widens throughout their whole work-life and especially between ages 20 and 35. What propels the 90 percent wealth gap? Mainly, the large earnings gap that has only widened since the 80s and 90s. Black women make less in the labor Black women want economic security for themselves, and they’re stepping up for collective financial prosperity to make that happen. They deserve to spend time doing the things they love, have careers that flourish and enjoy a financially secure retirement. We work towards financially secure futures that lasts generations— not just monetarily, but culturally and intellectually.
That’s generational wealth.
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