Indians in US earn quickly, but save slowly

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Indians in US earn quickly, but save slowly

An Article in the Economic Times states that Indians in US do earn more, but tragically, they manage to save less.

Indian immigrants in the US quickly assimilate with society economically but are slow to do so culturally and in civic matters, a new report has found.

In its first annual Index of Immigrant Assimilation released recently, the Manhattan Institute for Policy Research, a conservative think tank in New York, found that Indians quickly attained the same income levels as native-born Americans.

But on the cultural and civil assimilation indexes, they fared poorly. That is to say that they are much less likely to, say, marry US citizens or join the military.

This dragged down their standing on the composite assimilation index, led by Canadians, Filipinos and Cuban, from among immigrants from 10 nations studied.

In the economic assimilation index by country of origin, Indians stood only a tad lower than the full 100 score achieved by top of the table countries like Canada and Cuba, doing better than China. Mexico and El Salvador were at the bottom.

In cultural assimilation, Indians scored under 40 out of 100, as bad as Chinese. In civic assimilation, the report gave Indians a little over 40 score, with only people from Mexico and El Salvador coming lower. Vietnam topped the table with 75 score, Canada did poorly at about 40. More...

So, what do you think of this report?