Answer:
There are multiple reasons why economic crises typically affect marginalized people the most, but two key reasons are:
Limited Access to Resources: Marginalized people often have limited access to financial resources, such as savings or investments, and are more likely to have low-paying jobs with little job security or benefits. During economic crises, these individuals may be more likely to experience job loss, reduced income, or other financial difficulties, which can exacerbate existing economic inequalities.
Structural Inequality: Marginalized people also face structural inequality in the economy, which can make them more vulnerable to economic crises. For example, systemic racism, sexism, or other forms of discrimination can limit their access to education, job opportunities, and other resources that would help them weather economic downturns. They may also be more likely to live in areas with limited access to healthcare or other basic services, making it harder to cope with the effects of an economic crisis.
Overall, economic crises often have a disproportionate impact on marginalized people because of these and other structural inequalities in the economy.