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American wealth and ancestry? very surprising.

November 19 2008 at 8:22 AM
(Login DevanT)
EXPERT POSTER


Specially this part:



If the English ancestry group does not have the highest concentration of millionaire households, then which group does? The Russian ancestry group ranks first, the Scottish ranks second, and the Hungarian ranks third. Although the Russian ancestry group accounts for only about 1.1 percent of all households in America, it accounts for 6.4 percent of all millionaire households. We estimate that approximately 22 of every 100 households headed by someone of Russian ancestry has a net worth of $1 million or more. This is in sharp contrast to the English ancestry group, in which only 7.71 in 100 of its members are in the millionaire league. How much wealth does this Russian American millionaire group have in total? We estimate approximately $1.1 trillion, or nearly 5 percent of all the personal wealth in America today!



How can one explain the economic productivity of Russian Americans? In general, most American millionaires are manager-owners of businesses. Russians in disproportionate numbers are manager-owners of businesses. Further, this entrepreneurial spirit seems to translate from one generation of Russians to the next.



The Hungarian ancestry group also is entrepreneurially inclined. This group accounts for only 0.5 percent of all households in this country. Yet it makes up 2 percent of the millionaire households. Contrast this with the German ancestry group, which accounts for nearly one in five households (19.5 percent) in this country. Only 17.3 percent of all millionaire households are headed by persons of German ancestry, and only about 3.3 percent of German households are in the millionaire league.



http://www.washingtonpost.com/wp-srv/style/longterm/books/chap1/millionairenextdoor.htm>







    
This message has been edited by DevanT on Nov 19, 2008 8:23 AM


 
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Anonymous
(Login RedParade)
Mother Russia

Re: American wealth and ancestry? very surprising.

November 19 2008, 9:51 AM 

Not Russian, Jewish. Ive only met about a dozen ethnic Russians in the time Ive lived in the US.

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Oki
(Login oki81)
Member

Re: American wealth and ancestry? very surprising.

November 20 2008, 10:02 PM 

"We estimate that approximately" ... this is where i stop reading most of the articles... Translation: "I just pulled some shet from my arse"... I do estimations (guessing) for work.. so I know bullshet when i smell it...

there is no way... really, think about it.. how do u conduct that kind of research? consider the melting pot US is today.. one can twist and turn the statistcs anyway you want...

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(Login notanonymous)
Elite WAFF Vet Club

Re: American wealth and ancestry? very surprising.

November 20 2008, 10:47 PM 

Russians and hungarians in this survey = Jews

F.uck an eye for an eye. You take my eye, and I will kill you, and all those you care about. That is our policy.

 
 

Anonymous
(Login diquinonsipassa)
Italian Legion(Italy)

Re: American wealth and ancestry? very surprising.

November 22 2008, 4:44 PM 

You Always Suspected: Now You Know 7.3% of the US House and 13% of the Senate will now be composed of persons of the Jewish faith. They consist of 2.3% of the US population. There is truth to the old saw that Jews exert a disproportionate influence over US international politics. South Asians should be about 1.2% of the US population in 2010.

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Laura Chiatti

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John Paul II was anything but a pacifist. He called for military intervention in East Timor, in Haiti, in the Great Lakes region of Africa: in this last case, his appeal went unheard, and the result was the unfettered genocide of entire populations. After September 11, 2001, Pope Karol Wojtyla gave de facto approval to war operations in Afghanistan. The expansion of freedom and of democracy was one of his guiding principles.

 
 

Anonymous
(Login filin)
Elite WAFF Vet Club

Re: American wealth and ancestry? very surprising.

November 22 2008, 6:24 PM 

Its got nothing to do with being Jewish or other BS, its simply in the home prices and immigration patterns. You had a bunch of "Russians" abandoning their country and giving bullsh1t excuses to get into the US in the late 80s and early 90s while the rest had to make due with what we had, which happens to be right at the start of the housing boom. Now if you moved to Cali and bought a house there in the 90s for 200k then the thing a year ago would be worth well over a million(obviously today its probably much less).

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This message has been edited by filin on Nov 22, 2008 6:25 PM


 
 
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