Wealth Inequality More Pronounced Among Asian Americans Than Among Whites

Christian E. Weller and Jeffrey Thompson

Challenge, 2018, vol. 61, issue 2, 183-202

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.

Date: 2018
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DOI: 10.1080/05775132.2018.1443998

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