Financial preparedness for later life among the Chinese community in the UK
Financial preparedness for later life among the Chinese community in the UK
This policy briefing summarises research examining financial preparedness for later life among individuals from the Chinese community in the UK. Using a mixed-methods approach, the research investigates pension arrangements and retirement planning attitudes using data from the UK Household Longitudinal Study (2010-2023), photovoice method and focus groups.
For individuals from the Chinese community in the UK, the findings show a lack of trust in the government and pension systems, leading to an emphasis on personal savings, self-reliance, and family support for financial
security in later life.
To address concerns about government reliability and state pension sufficiency, policies should focus on strengthening trust in the formal pension system, supporting financial independence, and improving accessibility.
ESRC Centre for Population Change
Akhtar, Saddaf Naaz
aa7e6bda-4317-4905-bbde-1582a6a7bf58
Mocnik, Spela
4395a7ff-dbd7-49e1-817b-14090a389903
Yin, Yuanyuan
cdb7e6d5-a9d9-4ecc-bbaa-a10ea4350f39
Vlachantoni, Athina
06a52fbb-f2a0-4c81-9fbc-d6efc736c6cb
Mcgowan, Teresa
4524e894-04de-4822-8508-f4b966e12ae2
Dey, Becki
3d22f8a6-7085-493c-864f-4cc1bcdebfc5
28 March 2025
Akhtar, Saddaf Naaz
aa7e6bda-4317-4905-bbde-1582a6a7bf58
Mocnik, Spela
4395a7ff-dbd7-49e1-817b-14090a389903
Yin, Yuanyuan
cdb7e6d5-a9d9-4ecc-bbaa-a10ea4350f39
Vlachantoni, Athina
06a52fbb-f2a0-4c81-9fbc-d6efc736c6cb
Mcgowan, Teresa
4524e894-04de-4822-8508-f4b966e12ae2
Dey, Becki
3d22f8a6-7085-493c-864f-4cc1bcdebfc5
Akhtar, Saddaf Naaz, Mocnik, Spela, Yin, Yuanyuan and Vlachantoni, Athina
,
Mcgowan, Teresa and Dey, Becki
(eds.)
(2025)
Financial preparedness for later life among the Chinese community in the UK
(ESRC Centre for Population Change and Connecting Generations Policy Briefing Series, 82)
ESRC Centre for Population Change
4pp.
Record type:
Monograph
(Project Report)
Abstract
This policy briefing summarises research examining financial preparedness for later life among individuals from the Chinese community in the UK. Using a mixed-methods approach, the research investigates pension arrangements and retirement planning attitudes using data from the UK Household Longitudinal Study (2010-2023), photovoice method and focus groups.
For individuals from the Chinese community in the UK, the findings show a lack of trust in the government and pension systems, leading to an emphasis on personal savings, self-reliance, and family support for financial
security in later life.
To address concerns about government reliability and state pension sufficiency, policies should focus on strengthening trust in the formal pension system, supporting financial independence, and improving accessibility.
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More information
Published date: 28 March 2025
Identifiers
Local EPrints ID: 500524
URI: http://eprints.soton.ac.uk/id/eprint/500524
PURE UUID: 8ebd9105-b23c-430f-afc3-49b5630944f0
Catalogue record
Date deposited: 02 May 2025 16:53
Last modified: 03 May 2025 02:12
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Contributors
Author:
Saddaf Naaz Akhtar
Author:
Spela Mocnik
Editor:
Becki Dey
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