Financial capability, asset ownership, and later-age immigration: evidence from a sample of low-income older Asian immigrants

J Gerontol Soc Work. 2015;58(2):114-27. doi: 10.1080/01634372.2014.923085. Epub 2014 Dec 22.


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.

Keywords: age at immigration; economic security; elderly; wealth.

Publication types

  • Research Support, Non-U.S. Gov't

MeSH terms

  • Aged
  • Asian People / statistics & numerical data*
  • Emigration and Immigration*
  • Female
  • Humans
  • Male
  • Middle Aged
  • Ownership / economics*
  • Population Dynamics / statistics & numerical data
  • Poverty / economics*
  • Surveys and Questionnaires
  • United States