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In 2015, Asian American men were the highest earning racial group at $24/hour. Asian American men earned 117% as much as white American men ($21/hour) and have been out earning their white Americans counterparts since about 2000. Similarly, in 2015 Asian American women earned 106% as much as white American women. [28]
The wealth gap between Caucasian and African-American families studied nearly tripled, from $85,000 in 1984 to $236,500 in 2009. The study concluded that factors contributing to the inequality included years of home ownership (27%), household income (20%), education (5%), and familial financial support and/or inheritance (5%). [12]
In the 2022 American Community Survey, the following figures regarding detailed Asian ethnicities are reported. [4] The NCRC Asian American income is better understood when household size and cost of living is factored as many Asian American groups have larger households and disproportionally live in metropolitan areas where the cost of living ...
The Federal Reserve also reports wealth data for Hispanic, Asian and other nonwhite communities. ... the wealth gap between white and Black families expanded by about $50,000, bringing the total ...
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In the last year and a quarter, the pandemic has served as a stark reminder of just how unequal America still is. But it also hasn’t been a “reminder” for everyone. Black Americans and other ...
The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%. [16] [15] [17] According to PolitiFact and other sources, in 2011, the 400 wealthiest Americans had more wealth than half of all Americans combined.
The average wealth gap between white families and Black and Hispanic ones reached a new high in 2022, according to a new report by the Urban Institute.