Asian Americans: A Young, Fast-Growing, And High-Income Group

Contrary to popular perception, Hispanics were actually not the fastest-growing minority group in the US last year, according to the Census Bureau. In fact, Asian-Americans were. A recent report [download page] from Nielsen takes a look at this fast-growing segment, which it says has increased in number by 58% since 2000. Notably, Asian-American households have significantly higher-than-average incomes: 29% have incomes of at least $100,000, compared to 18% of US households on average. (more…)