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Migration Background and its Impact on Personal Investments of in Germany Living People

Author

Listed:
  • Alexander Zureck

    (FOM University of Applied Sciences, Essen, Germany)

  • Tina Jager

    (FOM University of Applied Sciences, Essen, Germany and Fontys University of Applied Sciences, Venlo, the Netherlands)

Abstract

More than 20 percent of in Germany living people have a migration background. From the economic point of view and in terms of customer protection, the group of people is noteworthy. Within this paper, the group of people with migration background is compared to people without migration background due to financial advisory, investment objectives, and yearly performance of personal investments. Generally, only a little difference was identified. People with a migration background focus more on security and liquidity. Returns are not so valuable as an investment objective. People with migration background more often generate a negative return than others. This peculiarity could be a consequence of the different investment objective. The most important person for the financial advisory is the consultant in the house bank. Family and friends are not so important to gather financial information.

Suggested Citation

  • Alexander Zureck & Tina Jager, 2018. "Migration Background and its Impact on Personal Investments of in Germany Living People," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 4(3), pages 7-11, August.
    • Handle: RePEc:mgs:ijoied:v:4:y:2018:i:3:p:7-11
    DOI: 10.18775/ijied.1849-7551-7020.2015.43.2001
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    More about this item

    Keywords

    Personal finance; Investment behavior; Young people; Retirement;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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