Saving Practices of New Canadians from Vietnam and Laos

  title={Saving Practices of New Canadians from Vietnam and Laos},
  author={P. Johnson},
  journal={Journal of Consumer Affairs},
  • P. Johnson
  • Published 1999
  • Economics
  • Journal of Consumer Affairs
This study is the first to focus on saving patterns of a growing group of newcomers to Canada--people of Asian origin who arrived as refugees. Data are from personal interviews with 649 Boat People (Chinese Vietnamese, ethnic Vietnamese, and Laotians) who settled in Canada between 1979-81. Saving money was reported by 80 percent, with the usual pattern being to save money left after paying expenses. Main reasons for saving are emergencies and education of children. Nontraditional methods (bank… Expand
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