Author Question: What are three reasons for the lower earnings of blacks compared to whites? What will be an ideal ... (Read 108 times)

fox · **on:** Jul 1, 2018

What are three reasons for the lower earnings of blacks compared to whites?

What will be an ideal response?

Question 2

Describe the role of race and ethnicity in the foreclosure crisis.

What will be an ideal response?

DylanD1323 · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

Higher unemployment; lower educational attainment; employment in low-paying fields; discrimination; African Americans are more likely to live in the South where wages are lower.

Answer to Question 2

Banks began giving minorities loans, but they charged them higher fees and were more likely to give them subprime mortgages they knew the recipients may not be able to pay back. When minority homeowners turned to the bank for loans to maintain their property, they were more likely to be given predatory loans.