46% Of Tech Professionals Send Money To Their Families

One remarkable sign of the racial inequities plaguing the United States: The wage gap between black and white men is as large today as it was in 1950. On Blind, an anonymous professional network with 3.6+MM verified users, we wanted to gauge the financial obligations of tech professionals, across racial lines. We asked our users the following questions: 

Key Learnings 06/25-06/30 (2,586 Answers)

  • Do you send money to your family?
      1. 46% of surveyed professionals send money to their families 
        • 22% of surveyed professionals send money monthly
        • 24% of surveyed professionals send money, but not regularly 
        • Only 28% of white professionals send money to their families 
          • Compared to 70% of Asain professionals
          • Compared to 75% of Black professionals 
          • And 62% of LatinX professionals
  • As a percentage, how much of your annual salary do you send to your family?
      1. 46% of  surveyed professionals send 0-5% of their annual salary to their families 
        • Compared to 68% of LatinX professionals end 0-5% of their annual salary to their families 
      2. 25 % of surveyed professionals send 6-10% of their annual salary to their families 
      3. 15% of  surveyed professionals send 21+% of their annual salary to their families 
        • Only 4% of white professionals send 21+% of their annual salary to their families 
        • Compared to 16% of Asain professionals
  • If you send money to your family, do you still have enough money for yourself?
    1. 16% of surveyed professionals answered  “Yes, for leisure activities only”
    2. 67%of surveyed professionals answered  “Yes, for leisure and investments”

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Remittance: 46% Of Tech Professionals Send Money To Their Families from TeamBlind