Journal of Family and Economic Issues

, Volume 36, Issue 2, pp 224–238 | Cite as

Effects of Age on Saving Motives of Chinese Urban Consumers

  • Rui Yao
  • Jing Jian Xiao
  • Li Liao
Original Paper


Prior research on the saving behavior of Chinese consumers gave indirect evidence of various saving motives. In contrast, this study examined saving motives directly reported by consumers in a national survey in China. Findings indicated that the three most commonly reported motives were saving for emergency, children’s education, and retirement. Mediation analysis results suggested that saving motives reported by Chinese survey participants had clear life cycle patterns.


China Mediation analysis Saving motive Saving rate 


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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.Department of Personal Financial PlanningUniversity of MissouriColumbiaUSA
  2. 2.Department of Human Development and Family StudiesUniversity of Rhode IslandKingstonUSA
  3. 3.Tsinghua UniversityBeijingChina

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