Tag: Wealth

debt, student, gap

Student Debt a Large Contributor to Racial Wealth Gap, Study Finds

A study by the Institute on Assets and Social Policy (IASP) found student debt disproportionately affects Black people, leading to the large wealth gap between Black and white people. The report, authored by Laura Sullivan, Tatjana Meschede, Thomas Shapiro and Fernanda Escobar found that 20 years after starting college, the…

STUDY: Asian-American Financial Diversity Overlooked

By Michael Nam Photo by Shutterstock Are Asian-Americans so very wealthy Media reporting of late suggests a monolithic rise of Asian-American prosperity, but a new study breaks down financial data among the various sub-groups in the Asian-American and Pacific Islander (AAPI) demographic to show a nuanced view of the various…