A new study shows that the income gap amongst Asians is now larger than any other major ethnic group in the U.S. While Asian-Americans still have the highest median income, those in the top 10% of income earners bring home 10.7 times the amount of their counterparts in the bottom 10% of earners. The period studied, 1970-2016, started at a time where Asian-Americans had the smallest income gap and African-Americans had the largest.
Asian-Americans are the highest income earners amongst all major racial groups in the United States, the study shows, but attributes the gap to large shifts in Asian immigration via the Immigration and Nationality Act of 1965 and those who migrate to America under the H-1B visa program.
Overall, the income gap between Americans during the time studied widened by 27%. The greatest opportunity that this study highlights is that it’s time for lawmakers to include Asian-Americans in the conversation of low-income funding, health initiatives, and housing initiatives.