COUNT US IN
ECONOMIC INEQUITY FOR WOMEN OF COLOR
Numbers don’t lie; though women of color have continued to dominate the business world, they fail to find economic equity. BY CY WHITE ILLUSTRATIONS BY JESSICA WETTERER
$29,870 According to a study by the Texas Women's Foundation, the average full-time income of women of color (Asian, Hispanic/Latinx, Black) is $29,870.50, as opposed to $48,395 for white women.
50% A study conducted by American Express found that as of 2019, 50% of all women-owned businesses are owned by women of color.
300% While overall businesses owned by women of color generated over $420 billion in revenue, individual businesses averaged only $65,800, compared to non-WOC-owned businesses, which averaged $218,800. A difference of over 300%.
24.2% In Texas, of the businesses that identified the gender of the owner, women-owned businesses received an average of 24.2% of PPP loans under $150,000.
$422.5 billion In 2019, overall businesses owned by women of color generated $422.5 billion in revenue.
18 |  AUSTIN WOMAN | FEBRUARY 2021
