patrick.net

Wealth disparity is generational.

There was a study done in the 1970s to compare Asian immigrates wealth to African American wealth.

What they found is that Asian's think generationally, and have loyalty to vendors of the same community. When a dollar goes into the Asian community it circulates within the community.

In the African American community the dollars generally leave the community, and go to outside community enterprises.

The second part was that wealth was accumulated in the Asian Community for the benefit of the Children's wealth. Living conditions may be hard all over, but in the Asian Community there is much more tendency to double up with parents, children, and grand children all in one house while every one works.

These are deep rooted cultural issues that are slowly working out.

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