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Black Womenomics: Equalizing Entrepreneurship

Published by: Goldman Sachs

In Black Womenomics: Investing in the Underinvested, we highlighted the fundamental role of earnings in explaining the wealth gap. Black women, make less in the labor market and face job-related economic disadvantages driven by systemic and individual discrimination that are compounded by the intersectionality of gender. Private business ownership contributes significantly to earnings and wealth inequality. Yet, Black women are underrepresented in business ownership. This study focuses on the entrepreneurship gap of Black women, some of the core broader economic and social factors driving it and implications for earnings, wealth and economic mobility.


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