Author Topic: Filipino-Americans 2nd Richest Ethnic Group in the United States  (Read 1280 times)

Lorenzo

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Filipino-Americans 2nd Richest Ethnic Group in the United States
« on: November 10, 2007, 04:16:37 AM »
The following comes from the U.S Census Bureau 2007.
http://www.census.gov/prod/2007pubs/acs-05.pdf

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Ethnicity:       Household Income:
1.     Asian Indian  $68,771
2      Filipino         $65,700
3.     Chinese       $57,433
4.     Japanese     $53,763
5.     Koreans       $43,195
6.     Whites         $48,784
7.     Total US Population     $44,684

The Filipino community possesses an economic well-being with a majority belonging in the upper middle class. Well representation of Filipinos in service-oriented professions such as education and health care sustains the group's economic well-being. When compared to other Asian American groups, Filipino Americans had the highest median household income, exceeding that of non-Hispanic white households, and the U.S. general population.

Among Overseas Filipinos, Filipino Americans are the largest senders of US dollars to the Philippines. In 2005, their combined dollar remittances reached a record-high of almost $6.5 billion dollars. In 2006, Filipino Americans sent more than $8 billion, which represents 57% of the total amount received by the Philippines.

Many Filipino Americans are business-owners, particularly in the field of small business. Filipino Americans own restaurants, while others are in the medical, dental, and optical fields. Several are in the telemarketing business. Over 125,000 businesses are Filipino-owned, according to the 2002 US Economic Census.

These firms employ more than 132,000 people and generate an almost $14.2 billion in revenue. Of these businesses, 38.6% are health care and social assistance oriented and produces 39.3% of the collective Filipino-owned business revenue. California had the most number of these businesses followed by Hawai?i, New York, Illinois, New Jersey, Florida, and Texas.

At the point of retirement, Filipino Americans tend to head back to the Philippines, because of the significance of the dollar in the Philippine economy. Current Philippine president Gloria Macapagal Arroyo has encouraged the Filipino American community business entrepreneurs to invest back home to promote more job-creation in the Philippines.

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Re: Filipino-Americans 2nd Richest Ethnic Group in the United States
« Reply #1 on: November 10, 2007, 07:17:10 AM »
whoa! daghan diay filipino didto oi

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