Black borrowers have faced higher hurdles to getting loans, even before the Great Recession’s infamous credit crunch. But one subsection of the community has managed to evade financial institutions’ discriminatory practices, a new study from the University of Iowa shows.
According to the study’s lead author, University of Iowa sociologist Sarah Harkness, lenders perceive African-American women just as favorably as white males, and would lend them as much money. The reason: African-American females are generally perceived as single mothers who are industrious and hardworking, Harkness concludes.
To test her theory, Harkness gave the study participants — which included hundreds of undergraduate students and alumni from West Coast universities — a hypothetical $1,000 and asked them to look at fictional loan applications and determine how much money to loan. While the gender, race and education of applicants varied, their financial profile was the same.
What she found was that cultural stereotypes consistently influenced how much money the study participants were willing to lend, with African-American males and white women being perceived more negatively and least likely to receive funding.
“This meant being less forgiving of small errors such as typos. It also meant making unfavorable assumptions about the nature of the applicants’ employment (whether it was temporary versus permanent, for example) and their level of intelligence,” as a release on the study notes.
Read More Getting A Loan Is Just As Easy For African-American Females As White Males, Study Shows.
White Is the New White
By Aura Bogado
I first saw a poster for the new series on a subway platform. The word “black” plastered near women of all colors in prison jumpsuits made me shake my head in disappointment, but I soon forgot about it along with all the others racist images I’m surrounded by daily. The next time I saw a reference to Orange Is the New Black was on a giant video billboard during the massive march in New York following George Zimmerman’s acquittal in connection with the killing of Trayvon Martin. As thousands of people took to the streets against white supremacy, there was an intense irony about a fictionalized depiction of black women cheering on a prison fight as a very blond white woman stood there, shocked with horror. I crudely tweeted, “Racist shit playing W 35 and 6th. It never ends. Neither do we. #HoodiesUp,” with a looping Vine to illustrate my disappointment.
Since that time, many a friend and colleague has taken the time to explain to me that I was wrong about my gut reaction to Orange Is the New Black. They point out that the series is based on a book, whose author, Piper Kerman, spent time in prison. I answer that Assata Shakur wrote a brilliant book titled Assata: An Autobiography that includes details about her time as the only woman in an all-men’s prison—yet I’ve not seen it developed into a series. It would be timely to do so now that Shakur is the first woman on the FBI’s Most Wanted Terrorist list.
Read More White Is the New White | The Nation.