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Financial knowledge and behaviors of Chinese migrant workers [electronic resource] : an international perspective on a financially vulnerable population /

by Chen, Zibei; Lemieux, Catherine M.
Material type: materialTypeLabelArticleDescription: pp. 462-486.Subject(s): Chinese migrant workers, financial behaviors, financial knowledge, financial literacyOnline resources: Click here to access full-text article Available online and in print. In: Journal of community practice 2016, Vol. 24, No. 4Summary: 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.
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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.

Available online and in print.

Mode of access: Internet.


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