To mark Black History Month in February, the WFAA publishes a series of reports on the financial differences between races.
DALLAS – We heard about racial and gender inequality when it comes to wages. Inequality is particularly acute for minority women.
The analysis has shown that black women suffer from the most striking wage differentials. Estimates vary, but generally agree that a black woman with similar education makes between 60 and 67 cents for every dollar a white man makes.
ON new report by MoneyGeek looked at income, poverty rate, home ownership, educational attainment, health insurance gaps and the cost of crime. Based on this collection of parameters, the best and worst places for black women to live were ranked.
Two Texas spots made the top 15 cities for black women, including Grand Prairie (No. 10) and Irving (No. 11). Two cities in Texas also made it to the bottom 15. In fact, the analysis found that Corpus Christi is the worst city to live in if you are a black woman.
Minority-owned company in Texas
We know small businesses are a big part the economy. An Austin-based financial firm called Self has one new report This shows that Hispanics and Blacks are severely underrepresented among small business start-up owners compared to their percentage of the population.
They found that while blacks make up 12 percent of the US population, they only make up 3 percent of startup owners.
However, the analysis found that Dallas-Fort Worth ranks ninth among major metros for minority startups. Houston and San Antonio, however, rank higher.
You can find more links to minority company resources here: