80% of All Legal Immigrants in America Have Less Than $500 Net Worth

08/17/2016

From The Atlantic:

Will Immigrants Today Assimilate Like Those of 100 Years Ago?
Two sociologists recently looked into whether the barriers facing people of color in the U.S. make it harder for most new arrivals to build wealth.

ALEXIA FERNÁNDEZ CAMPBELL

… Their research, published in June in the journal Sociological Perspectives, analyzed data from the New Immigrant Survey of 2003, which captured the experiences of more than 8,000 [legal] permanent residents who had been living in the United States for less than 10 years. …

Only white immigrants had a median net worth of more than $500; about 80 percent of all immigrants in the sample had almost no wealth (less than $500).

That last sentence is pretty interesting. [Comment at Unz.com]

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