Asians, Highest in Income, Most Educated in USA

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Asian Americans remain the highest contributor to USA household income, most educated, and top in SAT scores

Asians were once low-wage earners. Most were farm laborers and less educated, escaping the war-torn and impoverished Asia in the 1900s.

Today, Asians are America’s highest contributor to household income and inarguably more accomplished, on median average, than white, Hispanic, or black Americans.

Even before the COVID-19 pandemic, Asian Americans’ disposable income was up 314%. The study included Asians with ethnic origins from Cambodia, China, India, Japan, Korea, Malaysia, Pakistan, the Philippines, Thailand, and Vietnam. [CNN]

HISTORY OF FILIPINO IMMIGRANTS.

The economic power of Asian Americans

The median household income in 2010 was $49,800 for the general US Population. Asian Americans had a $66,000 average then. The trend remains the same in 2021, notably because most Asians work in healthcare services.

More than 40% of newcomers to Forbes’ world’s billionaires list hail from Asian nations.

Income inequality in the U.S. is greatest among Asians

While Asians overall rank as the highest-earning racial and ethnic group in the U.S., it is not a status shared by all Asians. Wealth remains held by older and likely white Americans.

The ‘Crazy Rich’ Asians have led to the largest income gap in the U.S., as New York Times puts it.

Asians have The largest income gap in the U.S.

The latest Pew data confirms the economic power of the average Asian. They are the highest-income, best-educated, and fastest-growing racial group in the United States.

Median household income by race, 2019

Since 2010, Asian salaries and business revenue have been rising steadily. It continues to surpass the average incomes of whites and other minorities in America.

All Races – $68,703 per year
Asian – $97,150
White – $76,057
Hispanic – $56,113
Black – $46,073

* Indians and Filipinos are mostly in healthcare services.
* Sources: US Census, Statista

Median household income by Asian ethnicity, 2019

The median household income for Filipinos is $90,400*, which is .6 percent, slightly higher than the $85,800 national average.

Indian – $119,120
Taiwanese – $100,149
Filipino – $94,961
Sri Lankan – $85,000
Japanese – $81,406
Chinese – $80,000%
Indonesian – $78,180
Pakistani – $78,000
Malaysian – $76,077
Korean – $71,220
Vietnamese – $68,290
Cambodian – $65,288
Thai – $65,000
Laotian – $61,268
Bangladeshi – $58,018
Nepalese – $54,638
Bhutanese – $51,945
Mongloian – $46,639
Burmese – $43,160

* Sources: Zillow; Filipinos 2019

Household income ranking above $50,000 in 2010

Indian – $88,000
Filipino – $75,000
Japanese – $65,390
Chinese/Taiwanese – $65,050
Vietnamese – $53,400
Korean – $50,000

* Sources: Pew 2010, 2013

Highest educational attainment by ethnicity

Bachelor’s Degree or more, 2019

Asian – 58.1%
White – 40.1%
Black – 26.1%
Hispanic – 18.8%

* Source – US Census

Bachelor’s Degree, 2018

White – 99,075 out of 249.96 million Whites
Asian – 27,286 out of 19.13 million Asians

Doctorate Degree, 2018

White – 20,390 out of 249.96 million Whites
Asian – 4,107 out of 19.13 million Asians

* Source: US Census 2018; Statista

Bachelor’s Degree or more, 2018

Asian – 56.5%
White – 35.2%
Black – 25.2%
Hispanic – 18.3%

* Source: Statista

Average SAT scores by ethnicity, 2019

Asian – 1,223 (ERW 586/Math 637)
White – 1,114 (ERW 562/Math 553)
Hispanic – 978 (ERW 495/Math 483)
Black – 933 (ERW 476/Math 457)

* Asians have the highest SAT scores in both ERW and Math.
* Source: NCES

English reading and writing literacy

Asian – 57% proficiency
Whites – 44% proficiency
Hispanic – 23% proficiency
Blacks – 18% proficiency

* American adults had 79% literacy in 2019, but 54% have literacy below the 6th-grade level. [Souce: NAEP]
* The Philippines has a 96.3 % literacy rate and ranked 14th among the top English-speaking countries worldwide at 60.33% in 2016, but the lowest in Reading Comprehension out of 79 countries in the Programme for International Student Assessment or PISA.
* The lowest adult literacy rate was in California. It is also the most left-liberal and Democrat-rich state.

Most literate Asian Americans in 2019

Japanese – 85%
Filipinos – 84%
Indians – 82%
Malaysian – 78%
Pakistani – 75%
Sri Lankan – 79%
Indonesian – 72%
Korean – 67%
Chinese – 61%
Vietnamese – 54%

* Sources: (Out of 72%) Pew, Filipinos, Indians, Sri-Lankan, Korean, Japanese, Vietnamese, Chinese, Pakistani, Indonesian, Malaysian.

English reading scale (8th grade, public school), 2019

Asian – 284
White – 271
Hispanic – 251
Black – 244

* Source: NAEP

US Homeownership rates, 2019

Between 2000 to 2019, Asian households grew by 83%, exceeding Latinx (74%) and Black (23%) households. Immigrant Asians are more likely to be homeowners than native-born Asian households, Zillow reports.

White – 73.3%
Asian – 57.7%
Hispanic – 47.5%
Black – 42.1%

* All races – 64.6%
* Filipinos – 61% are homeowners
* Sources: USA Facts 2020; Pew 2019

RELATED READING:
Why Asians excel in the USA.
The root cause of teacher shortage.
Don’t blame poverty for worsening illiteracy.

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