In 2015, AAPI households contributed $184 billion in taxes and held $455.6 billion in disposable income or “spending power” to use at U.S. businesses. Households led by AAPI immigrants paid 135.7 billion in taxes and held $335.8 billion in spending power.
Firms owned by Asian Americans generated $707.6 billion in total receipts and sales in 2012, the highest total of any minority group in the United States. AAPI business owners also employed more than 3.6 million U.S. workers that year, once again a higher figure than other comparable groups.
In 2015, almost 40 percent of all newly arrived immigrants came from Asia or the Pacific Islands, a larger share than from Latin America. More than 60 percent of these recently arrived AAPI immigrants, aged 25 and above, had at least a bachelor’s degree. For all AAPI immigrants, regardless of arrival date, roughly half had at least a bachelor’s degree.
More than one in six working AAPI immigrants hold jobs in science, technology, engineering, or math, or STEM, fields — making them more than twice as likely to work in such areas than U.S. workers overall. They also are more than twice as likely as other college educated workers to hold jobs as physicians or surgeons, another profession that has faced shortages in recent years.