"Nearly two million Black families in the US South have zero or negative net worth. More than half of the nation's Black population ( about 56 percent) lives in the South, including those nearly two million families with no monetary wealth. To compound the issue, this summer saw Black women nationally lose 300,000 jobs even as the US economy continues to grow."
"In the South, the median White household today holds 24 times more wealth than the median Black household. These outcomes are reinforced by a hostile political landscape that continually thwarts efforts to achieve greater economic equality for the Black community, as statehouses in the South are rolling back voting rights, censoring history books, and undermining civil rights. Yet organizations serving Black communities received just 0.6 percent of all charitable giving in 2022"
Nearly two million Black families in the US South have zero or negative net worth, while about 56 percent of the nation's Black population lives in the South. Black women lost 300,000 jobs this summer despite national economic growth. In the South the median White household holds 24 times more wealth than the median Black household; in Arkansas median White wealth is about $70,000 versus $2,000 for Black families. Structural barriers and deliberate policy choices drive these disparities. State legislatures are rolling back voting rights, censoring history, and undermining civil rights. Philanthropic investment in Black-serving organizations and the South remains negligible, worsening inequity. Turning these trends around requires strategic investment and political will.
Read at Non Profit News | Nonprofit Quarterly
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