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The growing racial and ethnic wealth gap occurring in the United States is crippling communities of color, including Asian American and Pacific Islander (AAPI) families. This gap is a result of systemic and social barriers that keep people of color from achieving and enjoying economic success. This fact sheet highlights racial and ethnic disparities in some fundamental economic areas.
- Asian American families own 68 cents for every dollar of wealth a White family owns.
- Asian American socioeconomic experiences are obscured by aggregate racial data.
- Nearly 57 percent of Asian Americans own a home compared to 73.5 percent of Whites.