Category: Women of Color and Wealth

A 1960s promo shot of The Supremes, featuring Diana Ross, Florence Ballard, and Mary Wilson.

By Guest Contributor Lisa Hix, adapted from Collectors Weekly

Nichelle Gainer knows a thing or two about glamour: She spent most of her career working for magazines like Woman’s Day, GQ, Us Weekly, and InStyle, with a focus on celebrity, fashion, and grooming. But her true passion is fiction, so she decided to write a novel about black beauty pageants in the 1950s, partially inspired by one of her two glamorous aunts, who was a model in the 1950s—the other was an opera singer who rubbed shoulders with the biggest celebrities of her day.

Looking for newspaper articles on her aunt, she discovered a whole world of history that hardly ever bubbles to the surface: stunning, well-dressed African American stars celebrated in the black community, and sometimes even in the mainstream. Gainer put her fiction work aside to focus on these real-life stories.

Eventually, Gainer started a Tumblr and Facebook fan page, both called Vintage Black Glamour, full of gorgeous images that rarely make it into the public consciousness. While her novel went onto the back burner, her web sites drew the attention of a London publisher, Rocket 88. Gainer’s first book, a nonfiction coffee-table tome about women celebrities, Vintage Black Glamour, which will come out this September, can be preordered now.

We spoke with Gainer over the phone, and she explained to us the stories behind the photos she’s found, why glamour is important, and why Vintage Black Glamour will be more than just a collection of pretty pictures.

Read the Post Black Glamour Power: The Stars Who Blazed a Trail for Beyoncé and Lupita Nyong’o

February 6, 2012 / / Women of Color and Wealth

by Latoya Peterson

Please note, this is part five of a multi-part series on the Lifting As We Climb: Women of Color and Wealth report released by the Insight Center for Community Economic Development. Please carefully read part one and review our comment moderation policy before participating in the comments.

Over the course of the Women of Color and Wealth series one question has come up time and time again – what about Asian women? Native women?  Other, more specific breakdowns of different racial/ethnic groups?  Is there data for queer women of color?  For transgender women of color?  Sadly, the answer is no.

The report includes a separate break out discussion of Asian and Native American women, saying (all emphasis mine):

Because Asian Americans and Native Americans comprise a much smaller proportion of the U.S. population than blacks and Hispanics and because most surveys that measure wealth do not oversample these groups, our knowledge about their wealth is less robust—particularly for Native Americans.

According to 2004 data from the Survey of Income and Program Participation, Asian Americans have a higher median net worth than white non-Hispanic households ($144,000 and $137,200, respectively).  Much of this is due to their home equity, as the Asian population is concentrated in a few cities with very high home values. When data is adjusted for these and other factors, Asians have less wealth than whites on similar socioeconomic characteristics. In interpreting the high home equity of Asian Americans, it is also important to bear in mind that they are likely to own and occupy the home with extended family members and are more likely than whites to contribute more than half of their household income to housing costs.

Read the Post Women of Color and Wealth – Looking at Outliers and Outsiders [Part 5]

by Latoya Peterson

Please note, this is part four of a multi-part series on the Lifting As We Climb: Women of Color and Wealth report released by the Insight Center for Community Economic Development. Please carefully read part one and review our comment moderation policy before participating in the comments.

Heaping trays of Indian food were laid out on the long table. A large, happy crowd gathered in clusters, piling food onto their white Chinet plates. Men made jokes about one another’s love handles and spare tires – things women would never say to one another despite thinking them. Walter handed her a thick paper plate before taking his own. “Get what you like, but we gotta head back soon. Okay?” He spoke to her affectionately, as if she were a little kid.

The food made her mouth water. All around, people spooned food onto their plates, grabbing pieces of warm naan bread. There were pans of bread everywhere. The trays emptied gradually. The group dispersed.

Kevin and Hugh had already returned to the desk. Casey had managed to grab a cocktail-size Samosa and a scoop of biriyani but had hesitated to fill her plate during an interview. Walter’s plate was crammed with a taste of everything.

“Gosh. Girls eat so little,” Walter said with wonder in his voice.

“It happened so fast,” she remarked, her free hand resting at her side.

Walter swept his right arms to the ceiling, gesturing like a ringleader, and said “It’s free food for millionaires.” Read the Post Women of Color and Wealth – Measuring The Intangibles [Part 4]

by Latoya Peterson

Please note, this is part three of a multi-part series on the Lifting As We Climb: Women of Color and Wealth report released by the Insight Center for Community Economic Development. Please carefully read part one and review our comment moderation policy before participating in the comments.

zero wealth chart

I’m fightin for strength, in the street grindin for cents/
I know I’m ahead of my time but I’m behind on my rent/
Askin Kanye for money just to pay on my gas bill/
He asked me for it back, nigga brush up on your math skills/
Nothin plus zip equals zero; he couldn’t relate/
That nigga ain’t been broke since “H to the Izzo”

–Rhymefest, “Devil’s Pie

For many of us who grow up lower middle class or in poverty, the issues began before we were born. Parents struggling to make ends meet rarely find that things get easier once a child arrives – in general, already strained resources are required to stretch even further. Economically devastated parents generally do not have the resources to pass on to their children – indeed, the children may be asked to help participate in taking care of the bills, or once another income is flowing, provide funds to take care of other members of the family.

Looking at the chart above, single black and latina female households are hit the hardest by these disparities – but what does it really mean when a household has zero or negative wealth? How does it impact a child’s upbringing and future? Read the Post Women of Color and Wealth – Starting Points and Class Jumping [Part 3]

by Latoya Peterson
mercedes logo

Because so many women of color have such little wealth other than the value of a vehicle, the rest of the paper uses the definition of wealth that excludes vehicles in order to capture the economic vulnerability experienced by women of color.

Excluding vehicles, single black women have a median wealth of $100 and Hispanic women $120 respectively, while their same-race male counterparts have $7,900 and $9,730. The median wealth of single white women is $41,500. To put it another way, single black and Hispanic women have one penny of wealth for every dollar of wealth owned by their male counterparts and a tiny fraction of a penny for every dollar of wealth owned by white women. With so little in reserve, half of all single black and Hispanic women could not afford to take an unpaid sick day or to even have a major appliance repaired without going into debt. The precarious financial situation of women of color is also evident when looking at those with zero or negative wealth, (negative wealth occurs when the value of one’s assets is lower than the value of their debts). Nearly half of all single black and Hispanic women have zero or negative wealth (see Figure 2).

Pre-retirement wealth disparities for women of color affect them drastically in their retirement years. According to federal poverty standards, poverty rates for people age 65 and over are highest for women of color. In 2007 16.7% of white women living alone were poor, but 26% of Asian women living alone, 38.5% of black women living alone, and 41.1% of Hispanic women living alone were poor. 21

What does it mean when we talk about the difference between wealth and income?  These two terms are not to be conflated.  Someone can be a high earner, but still have no wealth at all – it is as simple as spending more than you earn.  It doesn’t matter what the money is spent on – it can go up your nose, on your feet, to your landlord or thrown in mass amounts on a stage.  However, if you manage to make a million dollars a year, and you spend $1.5 million, you are not wealthy.  Not even close. Read the Post Women of Color and Wealth – Looking at the Wealth Gap [Part 2]