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Asian-Americans
Business

Asian-Americans outspend other US households, Nielsen study shows

Nielsen study shows people in this demographic are the nation's number one online shoppers

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The majority of Asian-Americans are immigrants from countries where US or international brands denote status or quality. Photo: AFP

The spending habits of the mainland consumer have been well dissected, as have the buying preferences of their travellers. But what about their peers who go abroad and stay there?

Nielsen yesterday released the results of a study done on the consumption habits of Asian-Americans who come from a variety of ethnic backgrounds, including Chinese, Filipino, Indian, Korean and Japanese.

It found that Asian-American households outspend US households in general by an average of 19 per cent. They are also the number one demographic among online shoppers.

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Seventy-seven per cent of Asian-Americans had made an online purchase within the past year, as against 61 per cent of all Americans.

Twelve per cent of Asian Americans spent US$2,500 or more a year on internet shopping, almost double the amount for the general population in the United States.

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It also turns out the long bandied-about stereotype of the Asian-American housewife who drives her Mercedes-Benz to the discount store does have some truth to it.

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