Financial knowledge and behaviors of Chinese migrant workers an international perspective on a financially vulnerable population / [electronic resource] :
Zibei Chen & Catherine M. Lemieux.
- pp. 462-486.
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.
Mode of access: Internet.
Chinese migrant workers, financial behaviors, financial knowledge, financial literacy