An Exploratory Study of Chinese Americans’ Debt Holding

Yao, Rui; Sharpe, Deanna L.; Gorham, Elizabeth E.

An Exploratory Study of Chinese Americans’ Debt Holding

Yao, R., Sharpe, D. L., & Gorham, E. E. (2011). An exploratory study of Chinese Americans' debt holding. Journal of Family and Economic Issues, 32(4), 600-611.

35 Pages Posted: 3 Mar 2016

See all articles by Rui Yao

Rui Yao

University of Missouri at Columbia - Department of Personal Finance Planning

Elizabeth E. Gorham

South Dakota State University

Date Written: 2011

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.

Keywords: Chinese American, Debt, Financial Well-being, Race

Suggested Citation: Suggested Citation

Yao, Rui and Sharpe, Deanna L. and Gorham, Elizabeth E., An Exploratory Study of Chinese Americans’ Debt Holding (2011). Yao, R., Sharpe, D. L., & Gorham, E. E. (2011). An exploratory study of Chinese Americans' debt holding. Journal of Family and Economic Issues, 32(4), 600-611., Available at SSRN: https://ssrn.com/abstract=2740076