STAFFORD, Texas, Sept. 03, 2025 (GLOBE NEWSWIRE) — New data from Money Management International (MMI) reveals a dramatic rise in financial distress among Asian American households, with credit counseling sessions up 14% year-over-year in 2025 and a staggering 215% since 2021. While counseling demand has risen across all demographics, the growth among Asian Americans outpaces every other group.
Despite earning incomes comparable to White non-Hispanic clients, Asian American clients carry the highest unsecured debt levels of all racial groups MMI counseled during the first half of 2025, averaging more than $43,000. They also report the steepest monthly budget shortfalls when comparing income to expenses.
“The data is clear, there’s a growing financial strain among Asian American households, and more individuals are stepping forward to seek help,” said Thomas Nitzsche, Vice President of Public Relations at MMI. “We want to make sure they know they’re not alone, and that safe, supportive, and culturally informed financial guidance is available.”
Key Financial Trends …