Abstract
This study examined the asset ownership of Asian immigrants using a nationally representative sample of newly legalized immigrants
(New Immigrant Survey). Findings revealed that ownership of a business or farm, financial assets, and home ownership were
associated with socioeconomic, demographic, and acculturation variables. Family income, education, English fluency, and length
of stay were significant in all types of asset ownership. Variances in asset ownership by ethnic groups exist. Asian Indians
and Koreans had higher levels of business asset ownership. Korean, and Filipino immigrants were also more likely to be homeowners.
Asian Indian and Chinese immigrants were more likely to own financial assets. Vietnamese lagged in business or farm and financial
asset ownership. Findings provided insights into the investment decisions of new Asian immigrants for financial educators,
researchers, and policymakers.
(New Immigrant Survey). Findings revealed that ownership of a business or farm, financial assets, and home ownership were
associated with socioeconomic, demographic, and acculturation variables. Family income, education, English fluency, and length
of stay were significant in all types of asset ownership. Variances in asset ownership by ethnic groups exist. Asian Indians
and Koreans had higher levels of business asset ownership. Korean, and Filipino immigrants were also more likely to be homeowners.
Asian Indian and Chinese immigrants were more likely to own financial assets. Vietnamese lagged in business or farm and financial
asset ownership. Findings provided insights into the investment decisions of new Asian immigrants for financial educators,
researchers, and policymakers.
- Content Type Journal Article
- Category Original Paper
- Pages 1-12
- DOI 10.1007/s10834-012-9317-0
- Authors
- Jinhee Kim, Department of Family Science, School of Public Health Building, University of Maryland, 255 Valley Drive, Room 1142, College Park, MD 20742, USA
- Swarn Chatterjee, Department of Housing and Consumer Economics, University of Georgia, 106, Housing Research Center (House B), 407 Sanford Dr, Athens, GA 30602, USA
- Soo Hyun Cho, Department of Consumer Sciences, South Dakota State University, Wagner Hall 307/2275A, Brookings, SD 57007, USA
- Journal Journal of Family and Economic Issues
- Online ISSN 1573-3475
- Print ISSN 1058-0476