Comments on: No Money in the Bank: Black Women, Wealth and Assets

By: Algonquin J. Calhoun

Algonquin J. Calhoun — Mon, 25 Oct 2010 03:19:21 +0000

I just read this article and I don’t believe it. I do wish more people would respond to studies like these with more scrutiny. No one in America has only $100 in their bank account unless they are destitute. I find these findings without merit and I think a peer review will prove such.

By: Marcia McCarthy

Marcia McCarthy — Wed, 29 Sep 2010 02:37:50 +0000

Thank you for this information. I was looking for information concerning building wealth and came across this very important study.
I am an african american black woman and mother of adult sons. I am seeking to build my wealth at fifty plus is there any chance? Small savings. Need advice. Thank you.

By: Pianki

Pianki — Wed, 21 Jul 2010 14:07:00 +0000

You were focused on Black women all through the article and at the end you lasped into that “communities of color”. Blacks household income trails ALL ETHNIC GROUPS including households of color. But, the systems made you do it … right?

By: friends with benefits show » Blog Archive » "Financial Turmoil" Far Too Common For Many Black People

Sat, 08 May 2010 01:28:06 +0000

[...] our finances, whether it be saving, spending, or investing. Many have probably already read the stories regarding the lack of net wealth amongst single black women, and the black community in general. Also, many of us who have the finances to do so often [...]

By: Daily Perspective: Don’t Give Up Trying Links | Rosetta Thurman

Daily Perspective: Don’t Give Up Trying Links | Rosetta Thurman — Wed, 24 Mar 2010 16:17:28 +0000

[...] No Money in the Bank: Black Women, Wealth and Assets (The Defenders Online) [...]

By: Janet Singleton

Janet Singleton — Wed, 17 Mar 2010 00:10:42 +0000

Dr. Mason, thank you for this informative and disturbing article. Also, I would like to suggest that the stress of insufficient funds encourages emotional and physical illness that further depletes wealth and decreases productivity. Along with government action, perhaps churches and community groups could do even more. They are not weighed down by hostile forces as is the case, unfortunately, with our government, which seems to be caught in some sort of fight between the well-meaning-but-scared and the greedy-evil-and-shameless. I keep feeling as if I am caught in some nightmare Batman movie where the Joker too often wins.

Perhaps more affordable and free lay counseling could help stressed and traumatized women tap their own potential strengths. The psychological factor, I am convinced, is urgent.

Also, we, on the side of good, need to be increasingly inventive in sharing resources. I attended a community writers’ conference in January, and when one struggling woman said she lacked a computer, another woman was quick to tell her about a local program that would provide a refurbished computer without cost.

It would take a miracle, perhaps, to turn around the situation Dr. Mason so well maps out. But I believe we can make our own small practical miracles each day. Thank you, again for the illuminating piece.