When Will Nation's Most Powerful Show Regard for Nation's Most Vulnerable? | Common Dreams
"Economists demonstrate that 40 percent of the people who are born into poverty will stay in poverty, suggesting very low mobility for poor Americans, and especially women. Low mobility disproportionately affects African-American and Latina women. If one looks at their wealth—the total value of one’s assets minus debts—single African-American and single Latina women have a median wealth of about $100, while the median for single white women is $41,500. (This despite the fact that there were more white women in poverty in 2010 than African-American and Latina women combined; and white, African-American and Latina women participate in the cash assistance (TANF) program in equal proportions.) Around the world, leaders have recognized that investing in women and girls—through group microfinance programs and access to banking services, for example—helps not only to improve their lives but lift an entire nation and boost GDP."
