BLACK WOMEN FOCUS ON AGING MASTERY
The Black Women’s Agenda, Inc. recently hosted a summit themed, “I Am the Change: Living Your Best Life at Every Age,” at Morgan State University in Baltimore, MD. Sponsored by AARP and featuring leading experts in the fields of health, education, and economic security, the event focused on the importance of health and wellness in the aging process.
“Too often black women are focused on everyone and everything except themselves,” said panel moderator Dr. Rockeymoore Cummings. “Our concern for and work on behalf of our families and communities competes with our ability to implement self-care strategies that support our physical, emotional, spiritual, and socioeconomic wellbeing.”
Nowhere is this more true than in the area of financial health and wellbeing. A 2017 study released by the Samuel DuBois Cook Center on Social Equity and the Insight Center for Community Economic Development found that the median wealth level of a single black women aged 60 and older with a college degree is $11,000 compared to $384,400 for a similarly situated white woman.
Deborah Owens, CEO and Founder of Wealthy University highlighted the income and wealth disparities facing black women and recommended black women embrace strategies that encompass financial planning at earlier ages, an aggressive attitude toward savings and investment, and entrepreneurial activities to boost earnings over time.
“I want to really urge African-American women to get started investing earlier. There will always be demands on our economic resources; mortgages, student loans and basic living expenses. However, time is the greatest predictor of financial success. It’s not how much you invest, it’s how long your money has the opportunity to compound and grow.”
Although earnings and wealth are traditionally tied to education levels, research and statistics show that many African Americans don’t get the same economic return on investments in their education. Nevertheless, Dr. Tiffany B. Mfume, Assistant Vice President for Student Success and Retention at Morgan State University, emphasized that educational attainment is still the best option for African American women seeking to maximize their earnings and quality of life.
“Despite the Great Recession and equity gaps, college education remains the most proven, invaluable lifetime investment and serves as the most reliable path to upward mobility and socioeconomic class reassignment,” said Dr. Mfume. “For students of color, graduating from HBCUs relative to non-HBCUs has demonstrated superior long-term returns with respect to nurturing self-image, self-esteem, and identity, all of which advance labor market outcomes.”
Although many black women strive to lead healthy lives, they are more prone to develop chronic diseases such as cancer, type 2 diabetes, and hypertension, which undermines their productivity and quality of life. Dr. Terri L. Hill, a prominent plastic surgeon who also serves as a delegate in the Maryland state legislature, argued that these disparities underscore why health and wellness should be prioritized alongside socioeconomic well being.
“The Black Women’s Agenda seeks to help black women reduce the stress they experience as leaders in their jobs, families, and communities,” said the organization’s president Gwainevere Hess. “We want black women to lead happier, healthier, and longer lives by taking a more deliberate approach to self care that includes attention to financial, educational, physical, emotional, and spiritual well being.”
To be valued and loved. To know who you are and that you have the power to make a
difference. These are the aspirations that most mothers have their children. In 1938, in the midst
of the Great Depression, twenty African-American mothers in Philadelphia came together not to
hope or to dream, but to provide the opportunities, experiences, and life lessons that would
enable their children and others to live these truths. Their group became Jack and Jill of
America, Inc. – an organization that’s mission is as relevant today as it was some 80 years ago.
This year, as our hearts fill with pride while we celebrate Black History Month, let us also remember to focus on our heart health. And not just on Valentines Day – the entire month of February is American Heart Month.
Heart disease is the leading cause of death for men and women in the United States and certain minority groups face a greater risk than others. Deaths from heart disease are higher in Black Americans than in White Americans and other ethnic groups, and heart disease develops at a younger age in African Americans.
But, heart disease can often be prevented when people know their risks, make healthy choices and manage their medical conditions. So this month, learn the signs and symptoms and the steps you can take to make a difference in your life and the lives of your loved ones at https://www.goredforwomen.org
According to The American Cancer Society, “Cervical cancer was once one of the most common causes of cancer death for American women. The cervical cancer death rate dropped significantly with the increased use of the Pap test for screening. But the death rate has not changed much over the last 15 years.” And several studies show that a disproportionate number of women that die each year from cervical cancer are Black women.
The American Cancer Society also stresses the importance of regular screening for the disease, emphasizing that, “Screening tests offer the best chance to have cervical cancer found early when successful treatment is likely.