Or just don't be a racist. Someine being frugal has nothing to do with their race. Plenty of white people are pennywise and poundfoolish.
I encountered the idea and term
"Asian frugality" at a presentation around 20 years ago put on by Investor's Business Daily. I used to subscribe to their paper. I went to a few of their presentations. This particular one was headed up by an Asian man. At one point he used that term and I took notice, partly because I'd never heard the term. I say "took notice" because in that all day affair it was super easy to not take notice of a lot of stuff. Later in the day I had the opportunity to approach the presenter and ask him a few things. I made mention of that term and told him I could certainly relate. I'd spent a lot of years relatively impoverished and I told him "I think I could show those guys a few things." His smile was priceless.
I say this for reference. I tend to especially like Asians. It wouldn't be wrong to say I think Asians are generally better behaved, have better values than the
general populace where I live. I live in an extremely diverse region and in one of its most diverse spots. Of course, people vary. A lot of Asians are well to do, relatively speaking. Many are not. Same can be said for everyone. I figure that guy I spoke to 20 some years ago knew Asian cultures better than I did and maybe ever will. The point is, there are subcultures really all over the world that have characteristics peculiar to them in some degree. If you think they are all like that then you are opening yourself up to qualifying as "racist," sure.
I don't see an Asian and immediately figure they are frugal. They are people. By and large Asians IMO have better values than others at least where I live. They value education (most do), they have strong family ties (in general), they respect others in general. I see them being less problematic, generally speaking. However, and partly because of that experience I related, I figure a lot of Asians have frugal tendencies. Probably my favorite place in the urban area that I inhabit is the local Chinatown (Oakland). I don't hang out there, I don't hang out anywhere, but I have walked its streets many many times over the years, the last time a couple months ago. A lot of the Asians I see there are not typical of the rest of the region. Anyway, I really like the place, the vibe and am always quite curious. I haven't been to San Francisco's famous Chinatown for a number of years but have been having ideas of visiting it again soon. Oakland's has changed a great deal since the pandemic. It's gotten relatively hard to find stores that feature anything other than edibles. I am often looking for other things, although I do shop edibles. The edibles they do feature can be bizarrely different from what you see in supermarkets. It's quite fascinating.