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African American women were disproportionately impacted by the subprime and housing crisis in the United States that triggered the longer-term global meltdown, and they continue to be marginalised in the ever more precarious U.S. job market.
African American women "have the highest labour force participation rate of all women and are roughly just as likely as their male counterparts to be homeowners," thus making them pillars of household stability, Avis Jones-DeWeever, research director at the United Council of Negro Women and affiliated scholar at the Institute for Women's Policy Research, told IPS.
Combined with the fact that "they are more likely to earn less than both white men and women, have fewer assets and are five times more likely than men to receive subprime loans," financial safety nets for African American women in the current economic crisis are sparse if not non-existent.