Net worth of Asians by Group - anyone surprised by this? (insurance, student loans)

[Commonproject]

I would have thought that with such a large KTown and dominant part of LA's culture, they'd be much closer to the top

[IMG][/IMG]

[Mr_Geek]

Not one bit surprised by any of this.

[payutenyodagimas]

is this household? or individuals?

[Commonproject]

This is household assets

full report here

https://riseoftheasianmale.wordpress...erican-wealth/




There is literally a 20x gap between Chinese/Japanese and Koreans

[payutenyodagimas]

hard to believe..seems to me that Koreans are well educated and those serving in Korean BBQs are just students finishing their studies and become yuppies


have no beef with servers but if you go to a Chinese Resto or Buffet, most of the Chinese servers are adults so you would equate them with lower income. same thing with Vietnamese servers.


but Koreans? I thought they are just students coz they look like it

[davidt1]

I haven't read the report and frankly I don't give these type of reports much thought. Is there a correlation between how wealthy the countries of origin are, how long their people have been in the US and how well they do here? Japan and China are strong countries economically, so the people who come here from those countries are likely to be well-off. Also Japanese and Chinese Americans have been here a long time, compared to more recent refugees from poor, war torn countries.

I bet things like cash, gold, and assets from the motherland are not accounted for in these reports.

[payutenyodagimas]

Originally Posted by davidt1

I haven't read the report and frankly I don't give these type of reports much thought. Is there a correlation between how wealthy the countries of origin are, how long their people have been in the US and how well they do here? Japan and China are strong countries economically, so the people who come here from those countries are likely to be well-off. Also Japanese and Chinese Americans have been here a long time, compared to more recent refugees from poor, war torn countries.

I bet things like cash, gold, and assets from the motherland are not accounted for in these reports.

they assumed that's the reason for some immigrants


I know a couple whose parents paid for the DP of their house. another one was bequeathed their family house to her (that's in the US already). and they work in a high paying industry. with no student loans.

[LuvSouthOC]

Originally Posted by payutenyodagimas

they assumed that's the reason for some immigrants


I know a couple whose parents paid for the DP of their house. another one was bequeathed their family house to her (that's in the US already). and they work in a high paying industry. with no student loans.

Assuming arguendo that that explains the success of some groups, other groups have simply done far better than whites and it was not due to advantages they had, but rather, due to hard work, investments and different cultures.

White and black Americans need to look carefully to learn what they are doing wrong.

[sean1the1]

With these asian groups many that have came to the US in the last 30 years have came from wealthy families in their homes countries.

I know many wealthy asians that have worked hard for what they have, but every single one of them had money back in their home country.

They went from the 1% in their homes countries to the 1% here. I don't know any wealthy asians who truly started from the bottom...

[payutenyodagimas]

Originally Posted by sean1the1

With these asian groups many that have came to the US in the last 30 years have came from wealthy families in their homes countries.

I know many wealthy asians that have worked hard for what they have, but every single one of them had money back in their home country.

They went from the 1% in their homes countries to the 1% here. I don't know any wealthy asians who truly started from the bottom...

some maybe but mostly the one who migrate are the middle class.


rich park some of their riches here for insurance but they don't want to live here. nobody want to trade their power/fame for the anonymity of living in the USA