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Financial Capability and Asset DevelopmentResearch, Education, Policy, and Practice$
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Julie Birkenmaier, Jami Curley, and Margaret Sherraden

Print publication date: 2013

Print ISBN-13: 9780199755950

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199755950.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 04 December 2020

Improving Financial Capacity among Low-Income Immigrants

Improving Financial Capacity among Low-Income Immigrants

Effects of a Financial Education Program

Chapter:
(p.156) 7 Improving Financial Capacity among Low-Income Immigrants
Source:
Financial Capability and Asset Development
Author(s):

Min Zhan

Steven G. Anderson

Jeff Scott

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199755950.003.0049

This study examines the effects of a financial management training program for low-income audiences on financial knowledge and practices. Findings show that substantial pre-training knowledge deficiencies existed among immigrant participants on basic financial management issues. The program was effective in improving the financial knowledge and related financial behaviors of immigrant participants, and immigrants gained more in financial knowledge from the training than other participants. Implications are discussed for developing programs to improve the financial capacity of low-income immigrants.

Keywords:   immigrants, financial education, financial management

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