Essential costs like housing accounted for 17% of total spending among households earning annual incomes of less than $15,000 while only representing 2% of costs among households earning $200,000+. On the flipside, 19% of total spending among households earning $200K+ went toward personal insurance and pensions compared to roughly 1.5% among households earning less than $15K.

The widely diverse Asian American community is broadly prosperous by many metrics, but individual hardships faced by some groups cannot be overlooked.

Matthew Rognlie says that inequality may not grow in the way Piketty predicts, finding that the long-term rise in capital income is driven mostly by housing, not labor division.