“As the U.S. continues to grapple with the issue of racial inequality, S&P Global analysis shows that disparities in opportunities–specifically for Black women in America–carry a significant cost, not just from a social aspect but also for the economy overall. In simplest terms, the inequalities Black women face have been a drag on both their bank accounts and on long-term economic growth for everyone. These inequities were only exacerbated by COVID-19 and may leave Black women even further behind economically…

The U.S. economy lost out on more than $507 billion in economic productivity as the attainment gap between Black and white women has widened since 1960, according to new S&P Global analysis released today.”

Read this important report and listen to a synopsis of the research.

Published on S&P Global by authors Dr. Beth Ann Bovino, U.S. Chief Economist & Managing Director, and Dr. Rafia Zafar, Independent Researcher.