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Changes in Financial Practices: Southeast Asian Refugees
Author(s) -
Johnson Phyllis J.
Publication year - 1989
Publication title -
home economics research journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.372
H-Index - 31
eISSN - 1552-3934
pISSN - 0046-7774
DOI - 10.1177/1077727x8901700304
Subject(s) - refugee , government (linguistics) , sample (material) , demographic economics , business , point (geometry) , economic growth , finance , political science , economics , philosophy , linguistics , chemistry , geometry , mathematics , chromatography , law
This paper presents research on changes over a two‐yearperiod in the use of new, Western financial practices by Southeast Asian refugees and in variables affecting those changes. Data are from personal interviews with a multistage probability sample of 1,169 adult refugees in British Columbia. The Canadian financial prac tice most frequently adopted by refugees was saving money; the least frequent, purchase of property insurance and use of credit cards. Over the two‐year period, respondents increased their use of all the practices except savings. Repeated measures analysis of variance indicated that refugees using more of the financial practices at each point in time were: privately rather than govemment‐sponsored; men rather than women; better educated; aged 18–45; and employed. Significant interaction effects showed that increased use of new practices was affected by education, age, employment experience, and changes in self‐reported English ability. Consumer education programs to increase the awareness of benefits of financial practices may be especially important for the less educated, those with limited English skills, female consumers, and those who had their initial orienta tion from government agencies.