Definition
Cross-tabulates whether individuals are U.S. Born or Foreign Born with their household's income level (e.g., income brackets like under $25,000, $50,000-$74,999, $100,000+).
Why It Matters
Provides insight into the economic well-being and purchasing power of U.S.-born versus foreign-born populations. This is crucial for understanding consumer behavior, market segmentation by income, and economic integration.
Specific Relevance for Professionals:
Marketers
Essential for highly targeted marketing based on purchasing power. It allows for tailoring products, services, and pricing strategies to align with the income levels of U.S.-born versus foreign-born consumer segments.
Researchers
Fundamental for studying economic integration, income disparities, and the economic contributions of different nativity groups to the overall economy. It helps analyze wealth accumulation patterns.
Consultants
Crucial for market sizing and assessing the economic viability of specific market segments for clients. It informs strategies for targeting products or services at various income levels within different nativity groups.
Public Policy Workers
Paramount for informing economic development policies, assessing the effectiveness of poverty reduction programs, and understanding the income distribution and economic challenges/opportunities within both the U.S.-born and foreign-born populations.
