Thursday 14th December 2017,

Asian Americans

Ξ Comments are off

CNN Money: Asians to Surpass Whites in Wealth

posted by ShirleyNLew

MoneyA study by the Federal Reserve Bank in St. Louis predicts Asians will surpass their White counterparts in wealth in another decade or two, according to CNN Money (Photo by Keith Cooper).

The study based its prediction on two key factors–increasing wealth among Asian Americans over the last 25 years and high educational achievement. Greater education has long been linked to higher income.

Some 42% of whites in the 35- 39 age group have college degrees compared to 65% of Asian Americans.

From 1989-2013, the average income for an Asian family has grown by two-thirds. These families are more likely to invest in stocks and have more liquid assets than the Blacks and Hispanics.

The study also shows that the wealth gap between Whites, Blacks and Hispanics has changed very little.

Popular Posts


Get Social

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 9,681 other subscribers

AsAmNews has Asian America in Its Heart

Please support AsAmNews by sharing & commenting on our stories

Like Us on Facebook & follow on Twitter