FRB: Five Reasons Why Asian American & Pacific Islander (AAPI) Poverty Remains Invisible

Five Reasons Why Asian American & Pacific Islander (AAPI) Poverty Remains Invisible

The National Coalition for Asian Pacific American Community Development (CAPACD), Asian American Pacific Islanders in Philanthropy (AAPIP), and the Federal Reserve Bank of San Francisco hosted a briefing on growing poverty in the AAPI community. The event highlighted findings from a recently released National CAPACD report about AAPI poverty and generated an important discussion on promising strategies for addressing poverty and broader economic need in the AAPI community. The 2012 American Community Survey data show that AAPIs have had the fastest growing poverty population of any racial/ethnic group since the onset of the Recession. This surprising statistic is driven by a dramatic increase in AAPI poverty from 2011 to 2012. The numeric growth of AAPI poverty represents almost a third of the total increase in poverty among the general population. Further, while the rates of growth in poverty population have slowed somewhat for other groups as the economy has improved, AAPI poverty is continuing to increase.

On our blog, Josh Ishimatsu from the National Coalition for Asian Pacific American Community Development highlights five reasons why AAPI poverty remains invisible, even though AAPIs have had the fastest growing poverty population of any racial/ethnic group since the onset of the Recession.

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