Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

hfojvt

(37,573 posts)
2. plenty of Asians might be considered takers
Fri Nov 16, 2012, 12:23 PM
Nov 2012

Looking at the 2002 census of wealth, a higher percentage of Asians has more than $500,000 in wealth than any other group - even non-hispanic whites. But that number is only 11.2% Almost 89% have less than $500,000 in wealth.

And there are many Asian-Americans on the bottom end. 47.3% had less than $50,000 in wealth.

The other part is perhaps generational. Asian-Americans who are currently above the median income perhaps grew up and lived much of their formative years below the median income. Gives them a different perspective than somebody who grew up rich.

Latest Discussions»General Discussion»Why Minorities Will Not V...»Reply #2