Journal of Community Practice
Volume 24, Issue 4, 2016, Pages 445-461

Ethnic Differences in Financial Outcomes Among Low-Income Older Asian Immigrants: A Financial Capability Perspective (Article)

Nam Y.* , Huang J. , Lee E.J.
  • a School of Social Work, University at Buffalo, the State University of New York, Buffalo, NY, United States
  • b School of Social Work, College for Public Health and Social Justice, Saint Louis University, St. Louis, MO, United States
  • c National Asian Pacific, Center on Aging, Seattle, WA, United States

Abstract

This exploratory study examined ethnic differences in financial outcomes among low-income older Asian immigrants from a financial capability perspective. We used survey data collected from a convenience sample of Chinese, Korean, and “Other Asian” ethnic participants in a subsidized employment program (n = 159). We ran logit regressions of dichotomous financial outcomes. Regression analysis showed significant ethnic differences in some financial outcomes after controlling for financial capability and other factors. Findings did not support our hypothesis that financial capability explains ethnic differences in financial outcomes. Findings suggest the need to develop culturally suitable financial capability measures for future research. © 2016 Taylor & Francis.

Author Keywords

Elderly Asians saving financial management Ethnicity financial knowledge Immigration Wealth

Index Keywords

major clinical study immigrant Asian immigration regression analysis ethnicity lowest income group convenience sample financial management employment human ethnic difference
Link
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84995912420&doi=10.1080%2f10705422.2016.1233474&partnerID=40&md5=afa3702e9f21204a00c11e7ab9043685
DOI: 10.1080/10705422.2016.1233474
ISSN: 10705422
Cited by: 1
Original Language: English