BRAND-NEW BAG

Due to Black women getting more degrees, they are winning more positions at the executive level that pay a higher salary and bonus. The term, “getting the bag” is defined as getting large sums of money based on either performance or winnings. And Black women are winning.

Skills That Pay The Bills

Black women are not just getting degrees, they are getting degrees in positions that allow them to advance, run companies, lead divisions, and determine policy. Black is getting promoted at a faster rate than any other minority and they are leading in all sectors of professional employment among minority groups.

These accomplishments are amazing when considering how fast Black women have advanced based on education. The mission of the Civil Rights Movement was heard and con- quered Black people, but especially Black women.

Homeownership

Because Black many degreed Black women are earning sixfigure salaries, their purchasing power has skyrocketed. Black women enjoy the fruits of their labor. They are purchasing luxury automobiles and are buying homes at almost a 2 to 1 ratio of their Black counterparts. This could be because Black women have children and a need for a home. But overwhelmingly the main reason Black women are buying homes at a higher ratio is that they can afford them.

“I rewarded myself with some of the things that I wanted after I got my position,” Angie said. “I worked hard for it, so I decided to treat myself. Life is too short to not get the things you want.” Angie concluded.

And she is not alone. Black women are the leading race in spending and continue to be the driving force behind trends set by the community.

Using 2020 and 2021 data, pursued equity in the form of narrowing Black-white differences in household income, Black purchasing power could jump from $976 billion to a potential $1.6 trillion in the U.S. Black couples and Black family's purchasing power is at an all-time high and much of it is based on Black women obtaining coveted positions at some of the born out of wedlock often suffer from the largest disadvantage of not having a mother and father in the same home. But women excelling is not the problem.

The problem comes from a lack of understanding of how to adapt to the changes in the balance of who provides, who protects, and who runs the homes in Black America.

Life Going Forward

There is no doubt that the gains Black women have made are country’s top companies.

The Negative Impact

Marriage across the board for all races is declining. But for the Black household, the decline has fallen off a cliff. Some 34.4 percent of Black men were married in 2021, compared to 28.6 percent of Black women. For Whites, 55.5 percent of men and 52.4 percent of women were married. More than 48 percent of all Black women and 51.1 percent of Black men had never been married.

This devastating statistic impacts the entire race. Children to be celebrated. The Black race needs as many people prospering as possible if the race is going to become self-sufficient and self-reliant. Black men need to begin to increase their numbers of getting degrees so they too can benefit from the hard work an education provides.

Black women have the bag, have the momentum, and have the right to be proud of themselves. Everyone else needs to pull their weight and join them in winning the professional career game. ●