Asian Americans Had Higher Poverty Rates in 2011

A new study by the Economic Policy Institute shows that Asian Americans had poverty rates significantly higher than the white population in 2011. After adjusting for cost of living differences between regions (since most Asians live in large expensive cities in the west or east coast), Asian Americans had a poverty rate of 16.1% compared with 10.4% of whites. This shouldn’t be a surprise given 8Asians has already reported on Asian Americans being more adversely affected by the housing downturn, Asian Americans being affected most by long term unemployment , and Asian American seniors being hit harder by the recession.

About Tim

I'm a Chinese/Taiwanese-American, born in Taiwan, raised on Long Island, went to college in Philadelphia, tried Wall Street and then moved to the California Bay Area to work in high tech in 1990. I'm a recent dad and husband. Other adjectives that describe me include: son, brother, geek, DIYer, manager, teacher, tinkerer, amateur horologist, gay, and occasional couch potato. I write for about 5 different blogs including 8Asians. When not doing anything else, I like to challenge people's preconceived notions of who I should be.
This entry was posted in (simple), Business, Lifestyles. Bookmark the permalink.