PebHmong Discussion Forum

General Category => General Discussion => Topic started by: theking on December 22, 2021, 11:07:05 PM

Title: Us Asians' wealth gap
Post by: theking on December 22, 2021, 11:07:05 PM
Asian Americans have the biggest wealth gap. Here's how they're helping one another this year.

With winter comes isolation and food insecurity for lower-income Asian Americans. Community organizations are working to combat that.

....The average household income for Asians in 2019 was around $85,000. But without picking it apart, that figure paints an incomplete picture. Indian families in the U.S., the highest earners under the umbrella, make $119,000 a year on average. Burmese families represent the other end of the spectrum, with just $44,000 a year coming in. Bangladeshis like Jahan, concentrated in New York, have a median household income of $59,500.

But the $85,000 statistic is what gets the most traction, experts say, and that makes it so that government programs and charitable organizations are less likely to identify Asian communities to serve.