A new report from the Institute for Financial Literacy shows that over the last five years (from 2006 to 2010), Asian Americans have had the largest increase in filings for bankruptcies, essentially doubling over the last five years. This is compared with Hispanics, which rose 33%, African Americans who saw a decrease of 26% in the same period, and Caucasian/White filings essentially remained constant through the period. It’s another sign that Asian Americans were and continue to be especially hard hit by the recent economic downturn.
8 Most Popular Posts (Last Seven Days)
-
Asian American Commercial Watch: Liberty Mutual Insurance’s ‘First Word | Truth Tellers’
-
In a Post-Apocalyptic Zombie World, Asian American Man Gets White Girl
-
Asian Guys and that One Long Pinky Fingernail
-
Hizashi no Naka no Rairu
-
Do Asians Have Body Hair?
-
Filipino Kinship Terms and their Confusing Translation into English
-
A Guide To A Buddhist/Chinese/American Funeral
-
Asian American Commercial Watch: The Year of the You – TurboTax
-