Financial Knowledge and Behaviors of Chinese Migrant Workers: An International Perspective on a Financially Vulnerable Population
Document Type
Article
Publication Date
10-1-2016
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.
Publication Source (Journal or Book title)
Journal of Community Practice
First Page
462
Last Page
486
Recommended Citation
Chen, Z., & Lemieux, C. (2016). Financial Knowledge and Behaviors of Chinese Migrant Workers: An International Perspective on a Financially Vulnerable Population. Journal of Community Practice, 24 (4), 462-486. https://doi.org/10.1080/10705422.2016.1233475