Anti-Asian discrimination cost Chinese restaurants $7.4 billion during the pandemic’s first year, new study finds

At the onset of the COVID-19 pandemic, anti-China fervor stoked consumer discrimination that cost Chinese restaurants $7.4 billion in lost revenue in 2020—losses 18.4 percent greater than at other types of restaurants—according to a new study by researchers from Boston College, the University of Michigan, and Microsoft Research, published today in the journal Nature Human … Read more

Changing nature of inflation prompts new inequalities, New York Fed says

Asian American/Pacific Islander (AAPI) households and those with lower incomes have experienced higher inflation over the past few months as a rise in the costs of food and shelter and a fall in gas prices have altered inflation inequality patterns, a New York Federal Reserve analysis showed on Wednesday.