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Black Families and Recession in the United States: The Enduring Impact of the Great Recession of 200
Perspectives and theoretical frameworks for studying African American families
Intersectionality
Color-blind racism and privilege
Structural racism and intergenerational transfers
The new racism
Conclusion
References
Race and its use in American society
Systematic racism and how it is maintained
The problem of the twenty-first century
Structural racism: A tale of two Americas
Conclusion
References
The Great Recession of 2007–2009: Causes, consequences, and impact on African American family life
What caused the banking crisis?
Hidden costs of the Great Recession
Labor market effects and social costs
What makes the 2007–2009 Recession “Great”?
How the Great Recession impacted African American family life
The aftermath of the Great Recession: What brought the recession to an end?
New financial legislation post-recession
The Dodd–Frank Act
Conclusion
References
Housing and wealth: How the Great Recession shattered the American Dream
A history of housing segregation in the United States
Differential impact on American communities
Predatory lending and racial discrimination
Hardest-hit cities in the United States
Black populations in the hardest-hit cities: Impact on specific African American communities
Memphis, Tennessee
Prince George’s County, Maryland
Conclusion
Note
References
How the Great Recession changed household economics for African Americans
Wealth and home ownership
Changes in daily household expenses
Loss of assets
Need for public assistance following the Great Recession
Conclusion
References
The widening of the racial wealth gap during and after the Great Recession
Household wealth
Wealth and class differences
Factors related to the accumulation of wealth
Income disparities and household financial characteristics
Demographic profiles by race/ethnicity: Family structure, education, and intergenerational wealth transmission
College enrollment and completion
Public sector layoffs among African Americans workers
Cuts in public sector employment: More damaging for African American families
Savings
Retirement accounts and investments
Recommendations for retirement security among Blacks
The role of income in mending the wealth gap
Conclusion
References
The impact of incarceration on African American families
Incarceration and the perpetual punishment of African Americans
The impact of incarceration on children
Conclusion: Policy considerations and future research
References
Progress in African American communities during the Obama administration and beyond
Enhancing health with the Affordable Care Act
Education
Criminal justice
African American judicial appointees
Conclusion
References
Discussion
Ten years after the Great Recession
The effect of the financial crisis on home ownership among African American families ten years later
Inequality: Historical impact on African Americans
References
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