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Financial Risk Tolerance of Chinese-American Families

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International Handbook of Chinese Families

Abstract

This chapter investigates the factors that affect financial risk tolerance of Chinese American households. Research on the economic well-being of Chinese American households is extremely limited. Few national datasets differentiate Chinese Americans from other race/ethnicity groups. For this study, a survey of Chinese American households residing in Midwestern states was conducted. The results showed that about 80.5 % of the sample households expressed a willingness to take at least some financial risks. Factors that have an impact on financial risk tolerance of Chinese American households included gender, non-financial assets, income, and investment time horizon. Chinese Americans represents a small but fast-growing population in the USA. More research should be done to better serve the financial needs of this group.

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Authors and Affiliations

  1. Personal Financial Planning Department, University of Missouri, 239B Stanley Hall, Columbia, MO, 65211, USA

    Rui Yao

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  1. Rui Yao
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Correspondence to Rui Yao .

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Editors and Affiliations

  1. Chan Institute of Social Sciences, Flat H, 15/f Century Indus Bldg, Tsing Yeung Street 1, Tuen Mun, Tsing Yeun, Hong Kong SAR

    Chan Kwok-bun

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Yao, R. (2013). Financial Risk Tolerance of Chinese-American Families. In: Kwok-bun, C. (eds) International Handbook of Chinese Families. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-0266-4_30

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