Who Has a Bank Account? Exploring Changes Over Time, 1989?2001

Autor:	Jinhook Lee, Jeanne M. Hogarth, Christoslav E. Anguelov
Rok vydání:	2005
Předmět:	Economics and Econometrics Economic growth Social Psychology Poverty business.industry Unbanked Net worth Public policy Capital account Economics Demographic economics business Socioeconomic status Financial services Social policy
Zdroj:	Journal of Family and Economic Issues. 26:7-30
ISSN:	1573-3475 1058-0476
DOI:	10.1007/s10834-004-1410-6
Popis:	The decade of the 1990s was a time of substantial economic and public policy changes. We explore factors affecting bank account ownership, with a special emphasis on the effects that changes over time may have had in bringing low-to-moderate income families into the financial mainstream. Data are from the 1989, 1992, 1995, 1998, and 2001 Surveys of Consumer Finances. Results indicate that holding socioeconomic characteristics as well as households’ need for an account, abilities to manage the account, access to accounts, and previous experiences constant, account ownership increased over time, with the biggest gains between 1995 and 1998. Increases over time were experienced across the spectrum of income, net worth, education, race, and age characteristics.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b25ff513df644f9143d78828598f9284 https://doi.org/10.1007/s10834-004-1410-6 Zobrazit plný text záznamu Full text from SpringerLink