Among broad ethnic groups in America, Asian Americans consistently have the highest median household income.
When examining which racial or ethnic group is the "richest" in America, median household income serves as a key indicator. This metric effectively gauges the economic well-being and relative prosperity of different groups across the nation.
Analysis of economic data reveals a clear and consistent trend regarding income distribution among racial groups. While Asian American households lead in median income, Black American households consistently report the lowest median incomes. Historically, the median income for Asian American households has been observed to be approximately double that of Black American households, illustrating a significant economic disparity among these broad groups.
