Published January 17, 2017
Congratulations to Associate Professor Yunju Nam and co-authors on the publication of their article, "Ethnic Differences in Financial Outcomes among Low-income Older Asian Immigrants: A Financial Capability Perspective," Journal of Community Practice.
Nam, Y., Huang, J. & Lee, E. (2016). Ethnic Differences in Financial Outcomes among Low-income Older Asian Immigrants: A Financial Capability Perspective. Journal of Community Practice.
This exploratory study examined ethnic differences in financial outcomes among low-income older Asian immigrants from a financial capability perspective. We used survey data collected from a convenience sample of Chinese, Korean, and “Other Asian” ethnic participants in a subsidized employment program (n = 159). We ran logit regressions of dichotomous financial outcomes. Regression analysis showed significant ethnic differences in some financial outcomes after controlling for financial capability and other factors. Findings did not support our hypothesis that financial capability explains ethnic differences in financial outcomes. Findings suggest the need to develop culturally suitable financial capability measures for future research.