The study analyzes stereotypical representations of Peruvian Ethnic Groups in a sample of middle class adults from Lima (n=130). Additionally, relationship between Ethnic Identification and Social Welfare is analyzed. In respect to stereotypical contents, it is observed the ambivalent representation of high and low status groups which are differentiated by their access to power and resources. The high status group includes White-Peruvians perceived as successful and non-patriotic people. Participants show high identification to this group and this identification is directly related to Social Welfare. On the other hand, Andeans, Amazonians and Afro-Peruvians were perceived as less successful but more affective and expressive groups. Participants show lower identification with these groups and these identifications are no related to Social Welfare.