NEW YORK CITY — 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.
Harkness will present her study, titled, "Status Effects in Lending Markets: The Importance of Gender and Race," at the 108th Annual Meeting of the American Sociological Association.