candidates waiting for jobs that won't come

I love to ask people who they think are the highest-earning ethnic or immigrant group. They almost always guess Japanese or Chinese…

But those guesses are not even close. It’s the Indians.

Look at this chart of median household income… the average numbers would be even more skewed.

The median U.S. household income is $63,179. So, all of these Asian groups are higher. India’s is off the charts at $110,026. That is 74% higher than the U.S. average, 69% greater than the Koreans, 48% above the Chinese, and 41% more than the Japanese.

I have always attributed this to the greater English influence in the India culture over many decades. More speak English, and more are familiar with English systems and the tradition of rule of law.

I had three Indians in my Harvard Business School class – all highly analytical and great at finance. I also find they have an edge as entrepreneurs over even the Chinese.

They also end up more in the technology, scientific, and technology fields that are the most valued: 28% vs. 18% for the Chinese, 8% Korean, and a mere 5% for the U.S.

70% have bachelor degrees or higher vs. 53% for Koreans, 51% for Chinese, and 28% for the U.S. average.

I have heard no one anywhere in the world complain about Asian immigrants. Australia, where I most often travel to for speaking engagements outside of the U.S., is the largest relative beneficiary of Asian immigration.

But Indians are the best, even though we get more of their top 1% to 10%, as we do with other Asian countries. We are not seeing their average citizens, so we overestimate their cultures.

It’s always strange to me that when I say India will become the next China, most people just look at me like… “what are you smoking?”

I covered that topic in depth in the October edition of my flagship newsletter, The Leading Edge

Follow me on Twitter @Harrydentjr.

P.S. I’m excited to pass along an opportunity for those of you looking to take advantage of this bull market, while it’s still roaring… my colleague, Adam O’Dell is holding a live webinar on Tuesday, Nov. 19th, where he’ll reveal his innovative timing strategy that has earned an average of 46% gains on every trade recommendation. You can sign up for free, here!

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Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.