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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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What Has Changed in Immigration

New Indian immigrants outnumber new Hispanic immigrants in the latest set of statistics from the U.S. Census Bureau.  

| BY Kent McDill

When the topic is the immigration issue in the United States, the ethnic segment that comes to mind is the Hispanic population.

But the U.S. Census Bureau tells us now that the United States is hosting more immigrants from China and India annually than from Mexico and other Hispanic nations.

Making a presentation at the Population Association of America conference in San Diego in early May, the U.S. Census Bureau revealed that its American Community Survey shows 147,000 Chinese arrived to live in the United States in 2013, while 129,000 immigrants came from India. Mexico was the country of origin for 125,000 immigrants in the same calendar year.

Also providing large numbers of new residents (but not citizens) to the U.S. were Japan, Korea and the Philippines. The numbers include undocumented immigrants, the Census Bureau reports.

One different factor to the immigration issue is that many of the Chinese immigrants come with heavier wallets; the United States has become a favored stopping point for wealthy Chinese who are trying to avoid corruption enforcement and new taxation in their home country.

At the same time, the economy in Mexico is improving, producing a relative drop in immigration from that country. India, meanwhile, remains on the outskirts of one of the most unstable regions in the world, making emigration a positive consideration.

“While Hispanics are still the largest racial or ethnic minority group, a larger percentage of the Asian population was foreign-born (65.4 percent) compared with the Hispanic population (35.2 percent) in 2013,’’ said U.S. Census Bureau Population Division statistician Eric Jensen. “Given the numbers, it is likely that the contribution of immigration to overall population growth will be greater for Asians than for Hispanics.”

In April of 2015, the U.S. Census Bureau announced that the foreign-born population of the United States will reach 78 million by 2060 and make up 18.8 percent of the total U.S. population. The current record high for foreign-born population by percentage was 14.8 percent in 1890, a percentage the U.S. Census Bureau expects to be passed by 2025 if not before.

Among people currently living in the United States, 66 percent of the Asians are immigrants, while just over one-third (34.9 percent) of Hispanics living in the United States were not born in the country,

 

 

 

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.