The findings in this report from the National Asset Scorecard for Communities of Color (NASCC) survey reveal major disparities in wealth accumulation across various racial and ethnic groups in Los Angeles. The NASCC survey was developed to supplement existing national data sets that collect data on household wealth in the United States but rarely collect data that is disaggregated by specific national origin. Existing research primarily has focused on the net worth position of broadly defined ethnoracial groups, such as Latinos or Asians taken collectively.
The NASCC data for Los Angeles includes asset and debt information on a number of disaggregated groups, thereby improving understanding of key disparities in income and wealth. These groups include the following in Los Angeles: Mexicans, other Latinos (inclusive of Puerto Ricans, Cubans, Salvadorans, other South Americans, other Central Americans, and Europeans), Asian Indians, Chinese (inclusive of Taiwanese), Japanese, Korean, Filipino, and Vietnamese. Among African Americans, data are disaggregated by nativity—U.S. black descendants and recent immigrants from the African continent.