(BLOOMBERG) In the last quarter-century, the finances of America's race and ethnic groups haven't changed very much save for one big exception: Asians.
"Asian families' median income already has surpassed that of whites, while Asians' median wealth soon will surpass the white median level,'' a new report out from the Federal Reserve Bank of St. Louis finds.
An Asian family had an inflation-adjusted median wealth of $91,440 in 2013, up almost 43 percent from 1989, it found using data from the Fed's Survey of Consumer Finances. That compares with a 3 percent increase to $134,008 for whites.
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