This pilot study investigated economic readiness for retirement among low-income older Asian adults. Data was collected from 150 participants of the Senior Community Service Employment Program, also referred to as SCSEP, an employment and training program for low-income older adults. Participants were surveyed for the study in three locations: Los Angeles, Orange County, CA, and New York City. Major findings included:
NAPCA SCSEP participants have very low levels of financial literacy;
Asset ownership rates are generally low among NAPCA SCSEP participants; and
Financial capacity and asset ownership differ across ethnic groups.