Credit Card Practices of Vietnamese and Laotian Newcomers to Canada: A 10-year Longitudinal Perspective

Phyllis Johnson ()

Journal of Family and Economic Issues, 2007, vol. 28, issue 2, 227-246

Abstract: This is the first study to follow a group of refugees (N = 647) for 10 years to identify how they acquired and used credit cards, a novel product to them. Acculturation to Canadian credit card use occurred; there was a dramatic increase in having cards (from 4% to 77%). The main reason initially for not having a card was knowledge barriers; later on, attitudinal, such as preferring to pay cash. Variables accounting for credit card use after 4 and 10 years were: being employed with higher income, having a checking account, being married, younger, and more fluent in English. Changing from not having to having a credit card was fostered by remaining (or becoming) married, employed, and good in English. Copyright Springer Science+Business Media, LLC 2007

Keywords: Consumer acculturation; Credit cards; Laotians; Vietnamese; Refugees (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jfamec:v:28:y:2007:i:2:p:227-246

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DOI: 10.1007/s10834-007-9056-9

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