Read our full analysis for a more in-depth look at these trends.
Exploring wealth in the AAPI community
A recent study uncovers unique motivators, priorities and challenges facing the Asian American Pacific Islander Community.
- Recently, Merrill Wealth Management published, "Diverse Viewpoints: Exploring Wealth in the AAPI Community," a study examining affluent Asian Americans and Pacific Islanders (AAPI).
- While the AAPI community accounts for 7% of the US population, it represents 10% of the country's affluent population. And the community is growing. In fact, the AAPI population grew by more than 38% in the past decade, making it the fastest growing minority community in the country.
- The study aims to better understand how individuals in the AAPI community achieve success and grow their wealth, along with their motivations, priorities and goals for the future.
Consumer Checkpoint: No madness in March spending
While spending was no slam dunk due to weaker wage growth and lower tax refunds, consumers continue to have financial buffers.