Study: black women have more financial burdens than whites
According to a survey conducted by the Kaiser Family Foundation and the Washington Post, African American women experience more difficulties with their finances than white females.
The survey cites a lack of confidence in acquiring a good job and education as the primary reasons for the gap.
Almost half of the females who participated in the Post-Kaiser poll stated that they are responsible for supporting the elderly in their families, and more than a third support their close friends and family members too.
The Post-Kaiser poll also revealed that 36% of African American women support friends and family while on average, 24% of Caucasian females do. It went on to show that 49% of these women help the elderly but only 39% of white females offer assistance to elderly people.
Black women struggle with paying medical bills, mortgages and utility bills more than white women.
The Post-Kaiser poll showed that 60 percent of African American females lend money to their friends often; adding to the long list of financial hurdles for black women.
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