80% of All Legal Immigrants in America Have Less Than $500 Net Worth
From The Atlantic:
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.