Abstract
Research concerning the financial well-being of Chinese American households is extremely limited. This article examines factors
that affect the probability that Chinese American households will hold debt. Analysis of data from a survey of Chinese Americans
in five Midwestern states in the U.S. indicated that 80.5% of the sample households held some type of debt. Factors associated
with the probability that a Chinese American household would be a debtor included age, presence of children under 18, health,
annual income, and amount of financial and non-financial assets.
that affect the probability that Chinese American households will hold debt. Analysis of data from a survey of Chinese Americans
in five Midwestern states in the U.S. indicated that 80.5% of the sample households held some type of debt. Factors associated
with the probability that a Chinese American household would be a debtor included age, presence of children under 18, health,
annual income, and amount of financial and non-financial assets.
- Content Type Journal Article
- Category Original Paper
- Pages 1-12
- DOI 10.1007/s10834-011-9271-2
- Authors
- Rui Yao, Personal Financial Planning Department, University of Missouri, 239B Stanley Hall, Columbia, MO 65211, USA
- Deanna L. Sharpe, Personal Financial Planning Department, University of Missouri, 239A Stanley Hall, Columbia, MO 65211, USA
- Elizabeth E. Gorham, Family Resource Management Specialist, South Dakota State University Extension, SNF 301/2275A, Brookings, SD 57007, USA
- Journal Journal of Family and Economic Issues
- Online ISSN 1573-3475
- Print ISSN 1058-0476