Closing the Women's Wealth Gap: What It Is, Why It Matters, and What Can Be Done About It

Heather McCulloch

While the pay gap between men and women is widely discussed, the wealth gap is even more pronounced: single women own 32 cents for every dollar owned by men, with women of color owning pennies to the dollar. This new report from the Closing the Women’s Wealth Gap Initiative discusses the systems and dynamics that generate this gap, including disparate access to business equity and home ownership opportunities. The author recommends tax reforms that make wealth building subsidies more accessible to women of color in particular, as well as strategies like cooperative ownership and more flexible savings account options.

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