Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Some immigrants are considered poor as they don't report their income back home. I know many immigrants can afford million dollar homes and still enjoy all the welfares
If you're going to factor in debt in determining if someone is poor, then an Investment Banker Analyst is poorer than a restaurant worker washing dishes. I think the average person would say that's preposterous. Bottom line is there are lots of poor immigrants coming into this country including the Chinese. That's what makes this country great as opposed to many others where they have points systems and essentially mostly take professionals or people of considerable net worth.
Many immigrants including the Chinese send their newborns abroad because they can't afford caretakers while both parents work - I'd say they don't take that decision lightly and I consider them to be poor if they don't have the means to keep their children with them. You can't compare these people with people who drink overpriced coffee with a $1500 laptop, iphone and who make poor spending decisions.
It's a different financial system. You ask most Asian immigrant, they have zero public debt. They don't use public credit, they have private debt which is popular in Asia.
That is why in Asia everything is cheaper because nobody pays with credit, its cash popular society.
In America, most younger folks use credit so they amass more debt and just live on whatever credit they have left. That is the American privilege of having our debts being floated by foreigners.
I bet those old ladies picking cans and bottles are debt free. Money managing skills are passed down from older generations. Some say it's in Chinese DNA just like the Jews.
I bet those old ladies picking cans and bottles are debt free. Money managing skills are passed down from older generations. Some say it's in Chinese DNA just like the Jews.
No. I just have many financial savvy Chinese neighbors. I sometimes discuss with them about buying property or getting a loan. They provide good inputs.
My Chinese neighbors had to flee back to Hong Kong because the IRS showed up at their door. Literally. Also it seems when they move into a nice white neighborhood, like Bayside or Whitestone, they immediately put up steal bars on their windows because they hide cash inside the house to evade taxes. Such lovely Americans.
Asian households have the highest median income in the US - more than $68,000 in 2012 dollars, according to the US Census Bureau
The collective Asian population in the US is concentrated in high wage, high cost of living metropolitan areas. The rural areas of the US will significantly lower the median income of whites. Asians still face discrimination with college admission and within the corporate sector. There recently been an outcry by other minorities on how dominate the poor Asian community has become at passing the entrance exam for NYC elite public high schools.
My Chinese neighbors had to flee back to Hong Kong because the IRS showed up at their door. Literally. Also it seems when they move into a nice white neighborhood, like Bayside or Whitestone, they immediately put up steal bars on their windows because they hide cash inside the house to evade taxes. Such lovely Americans.
My Chinese neighbors had to flee back to Hong Kong because the IRS showed up at their door. Literally. Also it seems when they move into a nice white neighborhood, like Bayside or Whitestone, they immediately put up steal bars on their windows because they hide cash inside the house to evade taxes. Such lovely Americans.
That's funny I live in Bayside and I don't see any steel bars. Who needs steel bars when you can just get an alarm system.
That's what I have. Maybe you should drive around a bit. Check out the Bell blvd area. It's not too bad in Bayside but Flushing and Whitestone looks like a prison these days. Damn shame. Great place to grow up in the 80s/90s. Looks like Fort Knox now.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
