title: Financial capability, asset ownership, and later-age immigration: evidence from a sample of low-income older Asian immigrants.
abstract: We examined financial capability and asset ownership among low-income older Asian immigrants with special attention given to later-age immigrants who came to the United States when they were 55 years old or older. Survey data collected from supported employment program participants (N = 150) were used. The analyses demonstrated a low level of financial knowledge and asset ownership in the sample. The findings also indicated that later-age immigrants' financial-management skills, knowledge of social programs, and asset ownership were significantly lower than those of young-age immigrants. These findings call for active interventions to enhance economic security among low-income older Asian immigrants.
authors.affiliation: a School of Social Work , University at Buffalo, the State University of New York , Buffalo , New York , USA.
authors.forename: Yunju
authors.initials: Y
authors.lastname: Nam
authors.forename: Eun Jeong
authors.initials: EJ
authors.lastname: Lee
authors.forename: Jin
authors.initials: J
authors.lastname: Huang
authors.forename: Junpyo
authors.initials: J
authors.lastname: Kim
mesh_terms: D000368:Aged; D044466:Asian People / Q000706:statistics & numerical data*; D004641:Emigration and Immigration; D005260:Female; D006801:Humans; D008297:Male; D008875:Middle Aged; D010067:Ownership / Q000191:economics*; D011157:Population Dynamics / Q000706:statistics & numerical data; D011203:Poverty / Q000191:economics*; D011795:Surveys and Questionnaires; D014481:United States
keywords: age at immigration; economic security; elderly; wealth