The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
A 2021 study from Pew Research Center found that the median annual income of Asian households in the U.S. was nearly 39% higher than the rest of the country.
But lived experiences are much more nuanced.
“In my experience, managing money doesn’t come up often in a typical Asian American household,” says financial influencer Max Do. “You assume it’s being taken care of, and it doesn’t come up until there is a problem.”
That same study noted that income and poverty rates vary widely among the many ethnicities that fall under the umbrella term Asian Americans and Pacific Islanders.
Vivian Tu, another financial influencer, says her family loves to talk about money. Their experiences highlight just how varied the spectrum of…
This article was written by June Sham and originally published on www.nerdwallet.com