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New Delhi: Top American lawmaker Rich McCormick, while addressing the US House of Representatives, recently said that the Indian-Americans constitute about one per cent of the US population and pay about six per cent of the taxes.
What’s more interesting to know is the fact that Indians are the highest earning ethnic group in the US — ahead of people from countries like Pakistan, China and Japan.
According to US Census Bureau, 2013-15 American Community Survey, Indian-Americans (USD 100,500) have the highest median household income in the Joe Biden-led country. They are ahead of people from countries like Sri Lanka, Japan, China and Pakistan.
The data also highlights that 70 per cent of the Indian-American population in America holds a Bachelor’s degree, while the national average is just 28 per cent.
While this data is from an old survey, a more recent numbers also indicate the same thing.
According to an August 2021 report of Press Trust of India, Indians in the US, with an average household earning of USD 123,700 and 79 per cent of college graduates, have surpassed the overall American population in terms of wealth and college education.
As per the latest census data in the US, the number of people who identify as Asian in the United States nearly tripled in the past three decades, and Asians are now the fastest-growing of the nation’s four largest racial and ethnic groups, the PTI report stated.
Why Indians have highest median household income in the US?
Harsh Goenka, chairman of RPG Enterprises, took to Twitter to share a chart that shows Indian Americans having the highest median household income in the US. He asserted that Indians shine in the US because “we value good education and are the most educated ethnic group.”
“We work very hard along with being frugal in our habits… We are smart… We are in IT, engineering and medicine- the highest paying jobs,” he added.
How Median Household Income is calculated?
Household income usually refers to the combined gross income of all members of a household above a specified age, according to Investopedia.
The median is the middle number in a group. For example, if there are three incomes in one household of Rs 10,000, Rs 15,000 and Rs 20,000, in this case median income is Rs 15,000.
Domination of Indian-Americans in the US
In his first speech in the US House of Representatives, Rich McCormick urged for a streamlined immigration process. “I rise to this occasion to just appreciate my constituents, especially those who have immigrated from India. We have a very large portion of my community that’s made up of almost 100,000 People who have immigrated directly from India. One out of every five doctors in my community is from India. They represent some of the best citizens we have in America, we should make sure that we streamline the immigration process for those who come here to obey the law and pay their taxes.”
He added, “Although they make up about 1 per cent of American society, they pay about 6 per cent of the taxes. They are amongst the top producers, and they do not cause problems. They follow laws. They don’t have the problems that we see other people have when they come to the emergency room for overdoses and depression anxiety because they’re the most productive, most family oriented and the best of what represents American citizens. God bless my Indian constituents”.
(With inputs from agencies)
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