Growth Strategies, November 1st, 2002
During the past decade, the Asian population in the US, including those of mixed race, grew 72%, reaching almost 12 million. Asians now make up 4.2% of the total US population and the group is expected to continue growing at a rapid rate, due to continued immigration, higher than average birthrates, and intermarriage.
Asians have also become a far wealthier group. Asian Americans have the highest average household income of any ethnic or racial group in the US, at $55,521 (around $10,000 more than the Caucasian household average). Fully one-- third of Asians earn $75,000 or more annually; 22%...
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