3 women in office looking at computer Asian-Americans overall have the highest-earning racial and ethnic group in the U.S., but that’s not to say that all Asians are at that level of income. (Photo: Shutterstock)

It’s no secret that income inequality has been on the rise in the U.S. for decades. Since the 1970s, the middle class has been losing ground while the wealthier become better off. But while some groups have suffered more from the rising gap in income, the biggest rise in income inequality is among Asian-Americans—displacing African-Americans as the most economically divided racial or ethnic group in the U.S.

In fact, says a study from the Pew Research Center, Asians have experienced the greatest growth in the income gap between 1970 to 2016. During that period, “the gap in the standard of living between Asians near the top and the bottom of the income ladder nearly doubled, and the distribution of income among Asians transformed from being one of the most equal to being the most unequal among America’s major racial and ethnic groups.”

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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