70% of the Indian-American population in the US holds a bachelor's degree.
Harsh Goenka explains why Indians are the highest earning ethnic group in the United States. The chairman of RPG Enterprises has shared a chart which shows that Indian Americans have the highest median household income in the country. It also shows that 70% of the Indian-American population in the US holds a bachelor's degree while the national average is only 28%.
According to Goenka, Indians shine in America because Indians value good education and are the most educated ethnic group. Also, they are frugal in their habits as well as very hard working and are in IT, engineering and medicine – the highest paying jobs. Besides, it's because "we're smart", he said.
While the data shared by Goenka appears to be from the American Community Survey of 2013-15, the more recent numbers from 2019 also indicate the same thing: Indians are leading from the front. Asian Americans, with a population of approximately 18 million, are the highest-earning ethnic group in the United States. The median household income for Asian-Americans is $87,243.
However, Indians are the dominant ethnic group among Asian-Americans. With a population of nearly 4.2 million, Indians have a median household income of $126,705 – much higher than the total number of Asian-Americans. The Filipino community with a population of approximately 2.9 million has a median household income of $100,273. The Taiwanese community is not far behind, with a median income of $100,205. The lowest earning ethnic group among Asian-Americans is the Burmese ($45,903).
Goenka's Twitter post received encouraging comments. “Indian mostly because of technology and doctors. Filipino too, doc. So our international family is in the top two. Our kids 3 country trifecta. Probably 4 or 5 since Spanish Filipino heritage and possibly British Indian (sic)," wrote one user.
One of the users had a different take on it. "Unlike middle-class Indians, the Chinese no longer need to migrate to the West for better education or well-paying jobs! They have some of the world's highest-ranked universities. Plus, their brightest minds can do research at home. Let's get enough support!" said the user.
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