Black Immigrants Make More Money Than Native Black Americans New research by Nielsen has found that the median household income for foreign-born blacks is 30% higher than that for blacks born in the USA. According to Black Enterprise , Figures show that the number of black immigrants in the U.S. has more than doubled since 1980, to a record 3.8 million. By 2060, 1 out of every 6 black people in the United States will be immigrants. Blacks from Nigeria and Ethiopia make up a good chunk of of the recent growth, while the Caribbean population accounts for nearly 50% of all blacks — majority from Jamaica. But why are foreign born blacks earning so much more? Andrew McCaskill, senior vice president of global communications at Nielsen, thinks it has a lot to do with the motives that bring them to the US and the communities they form once here. “A lot of the African…immigrants are coming specifically to get an education in the States. High numbers are college-educated, and not only have college degrees, but also masters. They’re creating jobs in their communities, they’re buying products from their entrepreneurs. There typically is a culture of recycling dollars, which contributes greatly to the rising fortunes.” However, McCaskill notes that the economic landscape for U.S.-born blacks as well — Nielsen also recently found that income growth rates in black households surpass those for almost all other groups. He hopes that this will help African-American communities realize the power their dollars truly have. “When black consumers see how much power they have, it will change the way African Americans look at themselves, and see how much [of a] power they have become economically. They have the power to drive the products and services that come into their lives and come into their communities.” Interesting, right??? We clearly need to focus on keeping our money in our communities…
See the article here:
For Discussion: Figures Show That Black Immigrants Earn 30% More Than U.S.-Born Blacks
