The Economic Reality of The Asian American Pacific Islander Community Is Marked by Diversity and Inequality, Not Universal Success

By most measures of economic success—whether it be income, education, wealth or employment—Asian Americans are doing well in the United States, both when compared to other communities of color as well to White households. But while these measures of success are noteworthy, the way they are collected, analyzed and presented all too often masks the disparate financial situations of the dozens of ethnic subgroups categorized as “Asian American.”

This brief explores some of the misconceptions that feed into broadly held beliefs that all members of the AAPI community are part of one large homogenous and successful group.



Innovations in Financial Capability: Culturally Responsive & Multigenerational Wealth Building Practices in Asian Pacific Islander (API) Communities

The Innovations in Financial Capability report is a collaborative report by National CAPACD and the Institute of Assets and Social Policy (IASP) at Brandeis University’s Heller School for Social Policy and Management, in partnership with Hawaiian Community Assets (HCA), and the Council for Native Hawaiian Advancement (CNHA). This survey report builds upon the 2017 report Foundations for the Future: Empowerment Economics in the Native Hawaiian Context and features the financial capability work of over 40 of our member organizations and other AAPI serving organizations from across the US. IASP’s research found that AAPI leaders are adopting innovative multigenerational and culturally responsive approaches to financial capability programming, but they want and need more supports for their work.



Responding to Client’s “Now, Soon, & Later” Needs

This is a three-part webinar series exploring how practitioners, policymakers, and product developers are supporting the diverse savings needs of LMI households during the ongoing crisis. Solutions that help families save flexibly for short, intermediate, and/or long-term goals that address their current and future needs are discussed.



From Relief to Resilience: Reimagining Investments

The events of 2020 revealed unvarnished truths that demand that philanthropic organizations take action to build economic well-being for all. This long-overdue moment emphasizes the critical need for strategies that provide a range of support to women and Black, Latinx, Indigenous, and Asian people, who are struggling due to deep financial disparities. Today’s disparities are built on, and exacerbated by, long-standing inequities created by structural racism, sexism, and classism, which have limited financial security and overall well-being for those affected. This brief responds to the urgency of this moment, reimagining and building on past recommendations to map more just paths to economic resilience moving forward.



Change Matters Volume 2: Assets

This is the second brief in a new series from The Financial Clinic. Change Matters leverages the data gathered through our revolutionary financial coaching platform, Change Machine, alongside the voices, wisdom, and lived experiences of Change Machine customers. We hope that our action oriented analysis will lead to positive social change. We believe we have a responsibility to ask the right questions, to use our data for good, and to inspire products, practice, and policy innovations that centralize the needs of the working-poor in building economic mobility.



Wealth and Health Equity: Investing in Structural Change

Building on the Asset Funders Network’s the Health and Wealth Connection: Investment Opportunities Across the Life Course brief, this paper details:

  • What we know about the health-wealth connection for adults.
  • Why investment in integration is important.
  • How philanthropy can contribute to improving health-wealth outcomes for adults.

On September 29th, AFN hosted a webinar to release the paper with featured speakers:

Dr. Annie Harper, Ph.D., Program for Recovery and Community Health, Yale School of Medicine
Joelle-Jude Fontaine, Sr. Program Officer, Human Services, The Kresge Foundation
Dedrick Asante-Muhammad, Chief of Race, Wealth, and Community, National Community Reinvestment Coalition



Running in Place: Why the Racial Wealth Divide Keeps Black and Latino Families From Achieving Economic Security

This report examines data from the Federal Reserve System’s 2016 Survey of Consumer Finances to understand how the wealth of median Black, Latino and White families have changed since the findings of its previous survey were released in 2013.



Fact File: Women Lack Sufficient Wealth to Achieve Economic Stability

Women own, on average, only 32 cents for every $1 owned by a man in America. Women of color have even less. Both the gender wage gap and the gender wealth gap need to be taken into account to address threats to women's economic security.



Poverty Trends Scorecard – Fact Sheet Series – Income, Wealth, and Inequality

The Widening Academic Achievement Gap Between the Rich and the Poor: New Evidence and Possible Explanations

Families of Color in the Quest to Build Wealth – A Special Report from CFED

The fall and rise of Canada’s top income earners

An Economy for the 1% – How privilege and power in the economy drive extreme inequality and how this can be stopped

Equitable Investments in the Next Generation: Designing Policies to Close the Racial Wealth Gap

A Road Map to Eradicate Child & Family Poverty: 2016 Report Card on Child and Family Poverty in Canada

Precarious Employment in Canada: Does the Evidence Square with the Anecdotes?

Out of the Shadows: Shining a light on Canada’s unequal distribution of federal tax expenditures

Thrivers and Strugglers: The Balance Sheets and Financial Health of U.S. Families

Shadow Economies: Economic Survival Strategies of Toronto Immigrant Communities

Vulnerable Households and the Smart Grid in Ontario Emerging Challenges and Opportunities

Report on Equality Rights of People with Disabilities

Using low income and material deprivation to monitor poverty reduction

Building Economic Security in America’s Cities New Municipal Strategies for Asset Building and Financial Empowerment

Rebuilding American Success: Savings and Opportunity for All

Toronto’s Vital Signs

The Opportunity Equation: Building opportunity in the face of growing income inequality

The destructive legacy of housing segregation

Health Check: Low-income Household Finances in Canada

Moving On Up: Why Do Some Americans Leave the Bottom of the Economic Ladder, but Not Others?

Building an Equitable Tax Code: A Primer for Advocates

Umbrellas Don’t Make it Rain: Why Studying and Working Hard isn’t Enough for Black Americans

The Color of Wealth in Boston: A Joint Publication with Duke University and The New School

The Color of Wealth in Los Angeles

Trends in Income-Related Health Inequalities in Canada

What It’s Worth: Strengthening the Financial Future of Family Communities and the Nation

The Steep Climb to Economic Opportunity for Vulnerable Families

The Ever-Growing Gap: Without Change, African-American and Latino Families Won’t Match White Wealth for Centuries