Why Asians save and earn so much

The article starts with a little research: “A 2010 Pew Research study pegged Asian households earning a median $66,000 a year vs. $49,800 for the average US household, a 32% difference. A 2013 Nielsen Research Report found that Asian American households have a median net worth of $89,300 compared to $68,800 for overall US households, a 30% difference. Meanwhile, roughly 49% of Asian Americans have Bachelor’s degrees vs. 28% of the general US population, a 75% difference.”

The author identifies several contributing factors. I like these two: 1) Asians are allergic to debt. Debt is slavery. 2) There is nothing more important to the Asian American population than academics.