Financial knowledge and behaviors of Chinese migrant workers: An international perspective on a financially vulnerable population

Z Chen, CM Lemieux - … Capability and Asset Building with Diverse …, 2018 - taylorfrancis.com
Z Chen, CM Lemieux
Financial Capability and Asset Building with Diverse Populations, 2018taylorfrancis.com
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 (eg …
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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