Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  Indians are highest earners in the US
BackBack

Indians are highest earners in the US

Indians are highest earners in the US

Premium

Washington: India-born American residents, numbering over 1.5 million, are the best educated among all the foreign born communities in the US and are also the highest earners in the country, latest census has revealed.

The median household income for US residents born in India is $91,195 against a $50,740 average for the total population, the data said.

Besides, the overall median household income for foreign-born and native US residents is $46,881 and $51,249 respectively.

Among all foreign-born residents, a massive 74% of Indians have bachelor’s or higher degree, as compared to a 27% average for all foreign-born residents, the US Census Bureau has said drawing on data from the 2007 American Community Survey. The data reveals that only 28% of natives in America have bachelor’s degrees.

Overall, about 85% of the total US population - 68 per cent of the foreign-born and 88% of the native-born - are high school graduates.

Egypt and Nigeria have rates above 60% while about 80% of the US residents born in China are high school graduates.

Numerically, ethnic Indians with 1.5 million population rank fourth after Mexicans (11.7 million), Chinese (1.9 million) and the Philippines (1.7 million).

El Salvador and Vietnam (both 1.1 million each), Korea (1 million) and Cuba, Canada and the Dominican Republic figure in top 10 countries. There are 38.1 million foreign-born people living in the US as per the 2007 figures.

The Census Bureau said Americans born in India have the highest percentage (69%) of people working in management, professional and related occupations.

These occupations employ about 36% of the native civilian-employed US population and 27 per cent of the total foreign-born, it said. Those born in Jordan (40%) and Bangladesh (36%) are among the most likely to work in sales and office occupations, the statement said.

Among natives, 27% work in sales and office occupations, compared with 18% among the foreign-born population.

While poverty is not an issue for Indian Americans, 51% of those born in Somalia are afflicted by it. About a quarter of the US population born in Iraq, the Dominican Republic, Jordan and Mexico are also living in poverty.

These estimates are based on a nationwide sample of about 250,000 addresses per month, the Census Bureau said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 20 Feb 2009, 01:13 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App