Indians are highest-earning ethnic group in USA: Harsh Goenka explains why (2024)

Harsh Goenka has explained why Indians are the highest-earning ethnic group in the USA. The chairman of RPG Enterprises shared a chart that shows Indian Americans having the highest median household income in the country. It also shows that 70% of the Indian-American population in America holds a bachelor's degree while the national average is merely 28%.

As per Goenka, Indians shine in America because Indians value good education and are the most educated ethnic group. At the same time, they work very hard along with being frugal in their habits and are in IT, engineering and medicine - the highest-paying jobs. Also, it’s because “We are smart", he added.

While the data Goenka shared appear to be from a 2013-15 American Community Survey, more recent numbers from 2019 also indicate the same thing: Indians leading from front. Asian Americans, with a population of around 1.8 crore, are the highest-earning ethnic group in the USA. The median household income for Asian-Americans stands at $87,243.

However, Indians are the leading ethnic group among Asian-Americans. With a population of around 42 lakh, Indians have a median household income of $126,705 - much higher than the overall numbers of Asian-Americans. The Filipino community, with a population of around 29 lakh, 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 community ($45,903).

Goenka’s Twitter post received encouraging comments. “Indians Mostly due to tech and doctors. Filipinos as well, doctors. So our international household in top two. Our kids 3 country trifecta. maybe even 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 have the need to migrate to the west for better education or well paid jobs! They have some of the highest ranked universities in the world. Further, their most brilliant minds receive adequate support for research at home!" the user opined.

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Indians are highest-earning ethnic group in USA: Harsh Goenka explains why (1)

Sounak Mukhopadhyay

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Published: 15 Jan 2023, 07:37 AM IST

Indians are highest-earning ethnic group in USA: Harsh Goenka explains why (2024)

FAQs

Indians are highest-earning ethnic group in USA: Harsh Goenka explains why? ›

As per Goenka, Indians shine in America because Indians value good education and are the most educated ethnic group. At the same time, they work very hard along with being frugal in their habits and are in IT, engineering and medicine - the highest-paying jobs. Also, it's because “We are smart”, he added.

What is the highest earning ethnic group in the United States? ›

Detailed ancestry
RankAncestryIncome (US$)
1Indian152,141
2Filipino101,157
3Iranian96,056
4South African94,159
37 more rows

Do Indians make more money in the US? ›

According to the latest US Census data, the Indians now have an average household earning of $123,700, i.e a little over ₹1 crore, PTI reported. The median earnings of the Indians there is nearly double the nationwide average of $63,922.

What is the richest race in the United States? ›

In 2021, households with a White householder made up 65.3% of all U.S. households and held 80.0% of all wealth.

What is the income of the Indian American community? ›

Indian Americans have one of the high- est median annual household incomes at $119,000, surpassing the median annual household income for all Asians combined— a trend that has been documented, and increasing, since 2010.

What is the highest ethnic group in America? ›

White and European Americans are the majority of people living in the United States. White people are defined by the United States Census Bureau as those "having origins in any of the original peoples of Europe, the Middle East, or North Africa".

How many Indian Americans are millionaires? ›

There are up to 200,000 Indian American millionaires in the United States. 1/9 Indians Americans are millionaires in the US. The statistics were done by Merrill Lynch Wealth Management, a subsidiary company of Bank of America.

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