A recent report by the American Immigration Council shows that established refugee communities in the United States excel economically, surpassing the national average regarding household income and entrepreneurship.
According to a report, the longer refugees live in the United States, the more their household income increases. On average, refugee households in the country for five years or less earn about $30,500 annually. However, after 20 years of living in the United States, their income increases to $71,400, surpassing the national median income by $4,300.
The analysis examined information gathered from the American Community Survey (ACS) of the Census Bureau from 2015 to 2019. It concentrated on 2.4 million individuals who are most probably refugees based on their country of origin and time of arrival in the United States. The Census Bureau does not gather information on current or prior immigration status.
A report was published to celebrate World Refugee Day on Tuesday (June 20). The study surveyed 2.4 million people, which is roughly two-thirds of the 3.5 million refugees in the United States. Researchers discovered that the sampled group earned a household income of about $93.6 billion in 2019.
A report from the American Immigration Council reveals that refugees living in the United States contribute billions of dollars in taxes each year and demonstrate impressive entrepreneurial abilities.
According to the report, the refugees contributed $25 billion in taxes and had nearly $70 billion remaining as disposable income.
It further reveals that 13 percent of refugees are entrepreneurs, higher than the 9 percent rate of the US-born population and the 11.7 percent rate of non-refugee immigrants.
Nan Wu, the research director of the American Immigration Council, concluded that the findings are evident and show that refugees have high rates of business ownership, citizenship attainment, and homeownership.
Compared to other immigrants, refugees tend to be more politically active and establish long-term roots in the United States. After residing in the country for 20 years, 89.9 percent of refugees choose to become U.S. citizens, in contrast to 67.5 percent of other immigrants.
