On rates of entrepreneurship and debt, foreign-born workers do better than those born in the U.S.
Another key measure of financial strength at which foreign-born Americans outpace the native-born: Immigrants use credit less often for purchasing cars, homes, or starting businesses. This results in significantly lower levels of indebtedness than native-born Americans.
For example, a Pew Research Center study shows that 34 percent of foreign-born Hispanic Americans report no credit card or installment loan debt of any kind, as compared to just 19 percent of the general population. The values and habits these new Americans bring from their own homelands help explain some of this success.
Unemployment in the formal sector tends be higher in developing countries, requiring more people to become entrepreneurs.in most developing countries, requiring individuals to save more in order to afford their goals. Or, they often pool money among friends and family to reach financial goals. That means less debt and potentially better credit outcomes when they reach the U.S.
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