The label “Asian American” captures people from more than a dozen countries who together represent a vast spectrum of backgrounds.
Kraus, who has long studied race and inequality, wanted to understand how the stereotype of the high-achieving Asian American influences what people believe about the gap in wealth between Asian and white Americans.
The reality is that for every $100 that a white American earns, an Asian American averages about $85.
Kraus pointed to two core problems raised by the misperception of Asian American wealth demonstrated in the new study.
First, “conceiving of Asian Americans as uniformly high-status may divert social safety net programs away from Asian American communities that are, in fact, living in poverty,” he says.