Financial Well-Being of the Non-Profit Social Service Workforce in China

Abstract

Abstract Using secondary data from the 2017 online survey of 736 non-profit social service employees in urban China, this study provides a complete description of the financial well-being of the non-profit social service workforce and examines correlates of financial well-being. Results show that non-profit employees’ household income is lower than the disposable income of a typical urban household. Nearly one-third of social service professionals have short-term unsecured debts, 10 per cent do not have public health insurance coverage and another 22 per cent report economic hardships caused by large unexpected expenses. Correlates of financial well-being include individual characteristics (e.g. age, education and marital status) and organizational characteristics (type, revenue and size). New services (e.g. employment-based programmes and financial services) are proposed to promote financial well-being of non-profit social service employees in China.