The Wise Way to Send Money to Africa
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A study of immigrants living in the U.S. - Part one
Wise researched the behaviors and interests of some of the largest expat groups currently living in the U.S. Here's what we uncovered:
####11,643,298
On part one of this infographic series on expats living in the U.S., we focused on six different nationalities. Out of those, we found that Mexican expats are the largest group according to the U.S. Census of 2015. About 11.6 million Mexicans reside in the country. This means that are nearly 7x more Mexicans in the U.S. than Canadians, Brazilians, Japanese, Indonesians, and Australian expats combined.
####Meet a Mexican expat in Cicero, an Australian in Sanata Monica, and a Japanese in Honolulu
These are the cities where there is a higher concentration of expats relative to the city's population.
Interestingly, the place where you are most likely to run into a Brazilian expat, is the city of Framingham, Massachusetts. And for Indonesians, its the city of Monterey Park in the Los Angeles county.
####Income and exchange rates
Another interesting data point we were able to gather from the U.S. Census, is the annual household income from each of these expat groups. Comparing their income now to their previous one, proves that their are making more money every year than they would have back home.
Watch out though: many expats are still paying too much when they send money internationally because of the bad exchange rates banks use when they convert your money. See what Bloomberg has to say about this.
####Take a look below at what else we found!
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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
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