The Color of Wealth in Los Angeles: New Study Reveals Nuanced Story of Race and Wealth in LA
UCLA Asian American Studies Center

Racial and ethnic differences in wealth show extreme vulnerability of some nonwhite households in Los Angeles. The authors estimate that the typical U.S.-born black or Mexican family has just 1 percent of the wealth of a typical white family in Los Angeles -- or one cent for every dollar of wealth held by the average white family in the metro area. Koreans hold 7 cents and Vietnamese possess 17 cents for every dollar of wealth owned by comparable white families.
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