Asians are now the most economically divided racial group in the US

Income inequality is on the rise in the U.S., and the issue once primarily associated with African Americans is now most pervasive among Asian Americans, according to a new study.

The gap in standard of living between the poorest and wealthiest Asian Americans nearly doubled from 1970 to 2016, according to the report by the Pew Research Center. 

Once considered one of the ‘most equal’ groups in terms of incomes, Asian Americans have collectively transformed to be defined by vast financial disparities, with those in the top 10 percent earning 10.7 times as much as Asians in the bottom 10 percent. It’s a significant shift compared to 1970, when the ratio was 6.1 percent – on par with white people of that era (6.3 percent).

Asians earning in the top 10 percent earned…

Read More

  • 1