Study: Single Moms Crushed by Recession

"A new report from NYU’s Women of Color Policy Network, “At Rope’s End,” offers a definitive examination of wealth in families headed by single mothers. The findings are not surprising: women of color, who bear the compounding and accumulating weight of racial and gender inequities in the economy, are most likely to be left with no wealth. Wealth, as opposed to income, is the balance between all assets and debt; it’s what provides a cushion in hard times and a step up for children."