Posted by: GeetMaiJawaafDiu? March 16, 2021
Thoughts
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It's a little confusing with the way Musya described his/her thought. If I understood him/her correctly, he/she is wondering how does someone have US$ 50k in cash sitting around in the good old USA. Is that correct, Musya?

There is a spectrum of people in the kind of income, education, training, profession, or motivation when it comes to Nepalese residing in the US. Like any diaspora, you will find a Nepalese from working a menial job to professionals, from doctors to engineers,entrepreneurs to restauranteurs, etc.

YEARS AGO, may be somebody questioned his prerogative to be so outspoken or to be active as a community leader in our US diaspora, he posted the current value from one of his million dollar brokerage accounts on FB. I mentioned this to an immigrant coworker back then. That coworker did not make a big deal of it saying, "A lot more people have 1M+ liquid portfolio than you imagine". Some, that I personally know, live in houses worth close to a couple of millions. I hear that among some groups in the US, a would-be marital couple would drop $50k just for a wedding celebration - without flinching.

Even in Nepal especially in Kathmandu, there are people who run legitimate businesses such as ex-im, handicrafts, hotels, package tourism, big retails/wholesale businesses, etc. They too can afford the best of shiny object like some of us residing in OECD countries.
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