Journal of Community Practice
Volume 24, Issue 4, 2016, Pages 462-486

Financial Knowledge and Behaviors of Chinese Migrant Workers: An International Perspective on a Financially Vulnerable Population (Article)

Chen Z.* , Lemieux C.M.
  • a School of Social Work, Louisiana State University, Baton Rouge, LA, United States
  • b School of Social Work, Louisiana State University, Baton Rouge, LA, United States

Abstract

Making informed financial decisions is crucial to the wellbeing of Chinese migrant workers. Using interview survey data (N = 329), this study examined financial knowledge and behaviors of migrant workers in China. Results showed that participants demonstrated low levels of financial knowledge (51.4%) and beneficial financial behaviors (51.0%). Multivariate results indicated that a modest proportion of the variance in financial behaviors was explained by financial knowledge, attitudes, and socio-demographic characteristics (e.g., marital status and income). Findings underscore the importance of disseminating culturally-relevant educational interventions to financially at-risk, low-paid migrant workers in China. © 2016 Taylor & Francis.

Author Keywords

financial behaviors financial literacy Chinese migrant workers financial knowledge

Index Keywords

vulnerable population China major clinical study Behavior migrant worker interview marriage human

Link
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84995912305&doi=10.1080%2f10705422.2016.1233475&partnerID=40&md5=0616f511d73ffc7a72ec4eb680aa8c35

DOI: 10.1080/10705422.2016.1233475
ISSN: 10705422
Cited by: 1
Original Language: English