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insights.som.yale.edu: Stereotypes of Asian Americans Skew Estimates of Racial Wealth Gap

Read Full Article Here: https://insights.som.yale.edu/insights/stereotypes-of-asian-americans-skew-estimates-of-racial-wealth-gap

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.

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