Question

Most Filipino Americans have not had the start-up capital necessary to open their own businesses. However, the average household income of Filipino American

families is relatively high, at nearly $77,000, because:

Answer 1

However, the average household income of Filipino American families is relatively high, at nearly $77,000, because of their great saving culture which they have. The Filipino Americans, like most American people with Asian ancestary has such saving culture as a result of the economic benefits associated to it.

Some engage in it inorder to support parents back home, improve the standard of living of their loved ones and also to prepare for rainy days ahead.

Step-by-step explanation: