Indian Americans highest earners among Asians |
Indian Americans enjoy the highest levels of income among various Asian ethnic groups in the U.S., but wide economic disparities exist within the community, noted the Pew Research Center in a report released July 12. the report, titled “Income Inequality in the U.S. Is Rising Most Rapidly Among Asians,” surveyed income levels of several Asian American ethnicities and found that Asians at the top 10 percent of incomes earned 10.7 times more than those at the bottom 10 percent. The Pew report is one of a few such papers that disaggregate data for various Asian American communities. “Today, income inequality in the U.S. is greatest among Asians. From 1970 to 2016, the gap in the standard of living between Asians near the top and the bottom of the income ladder nearly doubled, and the distribution of income among Asians transformed from being one of the most equal to being the most unequal among America`s major racial and ethnic groups,” noted the authors of the study, Rakesh Kocchar, associate director of research at Pew Research Center; and Anthony Cilluffo, research assistant at the Pew Center. Within the Indian American community, median household incomes vary widely, noted the National Coalition for Asian Pacific American Community Development, in its response to the report`s findings.
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