A New Study Reveals Impact of Financial Stress on Black Women [Video]

Black women are the backbone of the Black community. They are mothers, teachers, and the much needed shoulders to cry on — and a new study explores the toll all these responsibilities have on Black women who are also in the workforce.

Paradigm for Parity, a nonprofit organization committed to gender equality in corporate leadership, surveyed about 4,600 Black women to explore how “personal financial stress is impacting their work, their aspirations and their health.” Their findings were shocking.

What Are the Numbers?

Financial stress is difficult to navigate, especially when you lack the support you need. A study called “The Invisible Weight” was conducted to find Black women’s financial stressors that can hurt professional advancement and productivity at the workplace. Of the choices made available in the survey, 63 percent of all respondents selected cost of living. Forty-eight percent cited living paycheck to paycheck, with credit card debt …