A New Survey Looks at Which Tech Workers Send Funds Back Home

A New Survey Looks at Which Tech Workers Send Funds Back Home

Asian, Black and LatinX tech professionals are more likely to send money to their families than their white counterparts, according to a study by TeamBlind, an anonymous social network of verified employees. The company looked at tech workers' financial obligations and how they spent.

The survey received 2,586 responses from June 25 through June 30 and asked three key questions: 1) Do you send money to your family; 2) As a percentage, how much of your annual salary do you send to your family?; 3) If you send money to your family, do you still have enough money for yourself?


Here are the findings:

  • 46% of surveyed professionals send money to their families, with 28% of white professionals doing so compared to 70% of Asian professionals, 75% of Black professionals and 62% of LatinX professionals.
  • 46% of professionals send up to 5% of their annual salary to their families.
  • 14% of American Indian or Alaska Native send back all their disposable income back to their families.



__

Do you have a story that needs to be told? My DMs are open on Twitter @latams. You can also email me at tami(at)dot.la, or ask for my contact on Signal, for more secure and private communications.

Subscribe to our newsletter to catch every headline.

On this week's episode of Office Hours, you'll hear from Ynon Kreiz, the CEO of Mattel since 2018. Prior, he served on Mattel's Board. We discuss the Barbie movie in production, just one product that's leveraging the iconic brand's IP, what Mattel is doing towards achieving environmental sustainability and the priority Mattel places on DEI. Also, hear the answer to a burning UNO game question hotly-debated in my family.

Read more Show less

On this week's episode of Office Hours, you'll hear from Gregg Renfrew, serial entrepreneur and founder of clean beauty company, Beauty Counter. She also serves on the board of directors of Supernova, my special purpose acquisition company.

Read more Show less
RELATEDTRENDING