AAPI Personal Finance Trendsetters to Follow
Let's face it: The Crazy Rich Asians trope masks the lived experience of most Asian Americans who are struggling to overcome serious wealth gaps. The gaps that exist both in comparison to white Americans and as widening "internal" wealth gaps within different, specific Asian-American communities are well-documented. Social science researchers at the Pew Research Center point to immigration status as a major differentiator.
International economist Yew-Kwang Ng recently researched cultures on a country-by-country basis to identify why Asians save more. And despite statistics to the contrary, most people don't think of the Su-Su savings clubs or the hours of number-crunching that many Asian-Americans employ to get a grip on their money.
That's why AAPI personal finance trendsetters like the individuals below are so important: In the name of visibility, representation, and racial/financial equity, they're sharing their money stories and dismantling "model minority" myths, one financial plan at a time.