African-American females have good odds to get a loan

Sunday, August 11, 2013 - 23:01 in Psychology & Sociology

Need a loan? You appear to have an advantage if you're an African American female. According to a study by 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.

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