Reply to Superficial way you judge people as rich ?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Indian Americans.

They live below their means but most are rich.   Even the poors have enough to pay for kids college, big fat 100K weddings, retirement, paid off home, kid's first car etc. 
[/quote]
How do they do it?[/quote]

B/c they have no retirement and expect their kids to pay for their life past 60. [b]They aren't rich[/b].[/quote]

:lol: This is not true at all. Indian-Americans are the wealthiest ethnic group in US.

https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income[/quote]

[b]Income is not wealth.[/b] And this does not take into consideration Location. They're concentrated in HCOL cities so of course they have higher salaries plus they're far more likely to be married.  [/quote]

What are you trying to argue?   :lol:

Yes, they are immigrants who come to America without wealth.

Yes, they are concentrated in HCOL areas and so have higher salaries. Also, mostly in high paying careers.  Most likely to be married and remain married.

Yes, the first gen save to pay for kids college, weddings, help with other costs. Perhaps some money to grandkids too.

All of the above make them behave like the rich. But they certainly do not have other cultural tells of WASP rich people with generational wealth.

No, they are not dependent on their kids for their retirement. Most will have saved for retirement and live well. Multi-generational families are a cultural norm so that is not a function of poverty.  They also do not have the cultural tells of WASP poor people who actually cannot afford their retirement.   Living together in a multigenerational household is the way Indian Americans take care of the vulnerable generations (young and elderly).  This eventually allows them to leapfrog into higher SES within a decade or two of arriving empty pocket into this country.

Most are college educated in STEM subjects. Even the SAHMs who choose to devote themselves to educating their kids. [/quote]

Indian-American here.  Intergenerational living is such an astonishing wealth hack that I'm surprised it's not a universally-adopted practice.[/quote]

Because it comes with a price that not everyone is willing to pay. I would rather pay top notch day care center than share the kitchen with my mother in law.[/quote]

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