![]() ![]() Wall Street demonstrators in New York City on September 22, 2014. ( Stephen Melkisethian / Flickr)Ī weird “reverse redlining” had made Black families the special target for more costly mortgages. Black household’s average net wealth is $11,000, compared to a white household average of $141,900. ![]() Today, Pew data finds that white families have thirteen times the wealth of Black ones-a gap that persists at every educational level. By 2009, 35 percent of our Black families had zero wealth or negative debt. That crisis wiped out 53 percent of all U.S. Wall Street’s appetite for profitable (if bogus) subprime mortgages in the years leading up to 2008’s financial crash hurt no one more than it did Black families. By focusing on voices not typically part of mainstream man-to-man economic discourse, Women Unscrewing Screwnomics will bring you news of hopeful and practical changes and celebrate an economy waged as life-not as war. It’s time to laugh at what is often absurd and call out what is dangerous. It’s time to talk about women’s economics with attitude. ![]()
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