Child Poverty in the Age of Neoliberalism - Forgotten Casualties of the Recession http://sociologias-com.blogspot.com/2010/07/child-poverty-in-age-of-neoliberalism.html

Empirical studies from as recently as the 1990s onward also demonstrate that black applicants are systematically more likely to be discriminated against by being denied bank loans, even after taking into account the fact that blacks as a demographic group are more likely to be poor and have weaker credit records.

In other words, racist institutions that discriminate in their determination of “creditworthiness” based on an applicant’s skin color help to ensure the perpetuation of U.S. structural segregation and racism.

The lack of jobs in urban slums (which are disproportionately occupied by poor blacks and Hispanics) is a result of the movement of manufacturing jobs from cities to the suburbs, and then abroad. This loss of jobs is another major source of sustained racial inequality. Sadly, this reality is ignored in the obsession with personality-based explanations of poverty.