This article examines the origin and scholarly impact of Dr. Margaret Beale Spencer's phenomenological variant of ecological systems theory (PVEST). We expound on her early foundational work replicating the Clark and Clark (1950) doll study and research during the period of "Atlanta's missing and murdered children." As a conceptual template, we anchor the theoretical contribution as introducing phenomenology and "net vulnerability" as factors that inform "emerging identities." Highlighted research focuses on synergistic themes associated with identity intersectionality, pubertal development, and education as a context for net vulnerability. We end with suggestions for future directions for PVEST. (PsycInfo Database Record (c) 2023 APA, all rights reserved).