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Open Access Publications from the University of California

AAPI Nexus: Policy, Practice and Community

UCLA

Scrimping and Saving: A Report on Financial Access, Attitudes, and Behaviors of Low- and Moderate-Income Asian Americans and Pacific Islanders

Abstract

Scrimping + Saving documents the complexity of financial health within the diverse and growing Asian American and Pacific Islander (AAPI) community, detailing the influence of factors such as generational status, ethnicity, age, and technological familiarity. The findings and recommendations from this research are critical to asset-building practitioners serving AAPI communities, as well as to financial institutions and policy makers. In particular, the findings serve a critical role in articulating the need for further investment in culturally competent education and services, and capitalizing on models that enhance social networks as a vehicle for building individual and community financial capability.