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Wealth Inequality More Pronounced Among Asian Americans Than Among Whites

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  • Christian E. Weller
  • Jeffrey P. Thompson

Abstract

Wealth is a measure of current economic security and a means for future economic mobility. Yet, wealth is highly unequally distributed. Prior research has often focused on wealth inequality by race. Yet, little research exists on wealth disparities between and among Asian Americans. Asian Americans represent a very economically, socially and culturally diverse population. The wealth data in this paper reflects some of this diversity. Wealth inequality among Asian Americans is greater than among whites. Many lower-income Asian Americans in particular have a lot less wealth than lower-income whites. The data also show substantial differences between Asian Americans and whites, especially since homeownership rates are much lower among Asian Americans than among whites.

Suggested Citation

  • Christian E. Weller & Jeffrey P. Thompson, 2018. "Wealth Inequality More Pronounced Among Asian Americans Than Among Whites," Challenge, Taylor & Francis Journals, vol. 61(2), pages 183-202, March.
    • Handle: RePEc:mes:challe:v:61:y:2018:i:2:p:183-202
    DOI: 10.1080/05775132.2018.1443998
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    Cited by:

    1. Alice Henriques Volz & Jeffrey P. Thompson, 2021. "A New Look at Racial Disparities Using a More Comprehensive Wealth Measure," Current Policy Perspectives 92970, Federal Reserve Bank of Boston.
    2. Hope Bodenschatz & Gerald Eric Daniels Jr. & Jeffrey P. Thompson, 2023. "Decomposing Lifetime-Earnings Differences between White, Black, and Hispanic Families," Working Papers 23-14, Federal Reserve Bank of Boston.

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