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Friday, June 19, 2020

Financial inequality: the ethnicity gap in pay, wealth and property

Data shows that people of colour are worse off than white counterparts and black households face the biggest deficit

Selina Flavius is one of a growing number of women in Britain who are talking about money – but as a black woman she faces two challenges. “We experience gender equality and the gender pay gap, which is more spoken about,” she says. “But there’s also the ethnicity pay gap.”

The 38-year-old founded the website Black Girl Finance last year to help others like her. “Some of it was societal and some of it was personal. I wanted to create a safe space where we could focus on our finances,” she says.

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