The State of the Asian American Middle Class
The share of Asian Americans in the U.S. middle class has held steady since 2010, while the share in the upper-income tier has grown.
Numbers, Facts and Trends Shaping Your World
The share of Asian Americans in the U.S. middle class has held steady since 2010, while the share in the upper-income tier has grown.
About one-in-four Black households and one-in-seven Hispanic households had no wealth or were in debt in 2021, compared with about one-in-ten U.S. households overall.
The overall gain in income among Latino workers is driven by a rise in the share of higher-income immigrants who have lived in the U.S. for more years. Yet the incomes of U.S.-born Latinos are still less than since the recession began.
The gap in the standard of living between Asians near the top and the bottom of the income ladder nearly doubled from 1970 to
2016. Amid rising inequality overall, Asians displaced blacks as the most economically divided major U.S. racial or ethnic group.
The current economic slowdown has taken a far greater toll on non-citizen immigrants than it has on the United States population as a whole.
Foreign-born Latinos, especially the newly arrived, were much less likely to be low-wage earners in 2005 than in 1995.
The Hispanic unemployment rate reached a historic low in the second quarter of 2006.
Hispanics and whites perform different types of work in the labor market. Moreover, the occupational divide between the two largest segments of the labor force appears to be widening.
Hispanic households have less than ten cents for every dollar in wealth owned by White households.
The “jobless recovery” may have turned around, but gains for Latinos have not been widespread. Immigrant Latinos, especially the most recent arrivals, have captured the most jobs.
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