Bank Account Access Methods, Household Financial Well-Being, and Alternative Financial Services.

This study examines US household methods used to access their bank account, and implications for the use of Alternative Financial Services (AFS) and financial well-being. Latent class analysis and multinomial logistic regression were conducted. Results indicated that 7.7% of households are very like...

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Publicado en:Journal of Poverty Vol. 27; no. 1; pp. 33 - 60
Autores principales: Birkenmaier, Julie, Fu, Qiang
Formato: Artículo
Publicado: Taylor & Francis Ltd Jan2023
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        10.1080/10875549.2021.2010863
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        atl: Bank Account Access Methods, Household Financial Well-Being, and Alternative Financial Services.
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          Birkenmaier, Julie
          Fu, Qiang
        affil:
          College for Public Health and Social Justice, Saint Louis University School of Social Work, St Louis, Missouri, USA
          Department of Community Health, Tufts University, Medford, Massachusetts, USA
      su:
        Banking industry
        Bank accounts
        Financial services industry
        Accounting methods
        Well-being
      sug:
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          Banking industry
          Bank accounts
          Financial services industry
          Accounting methods
          Well-being
      keyword:
        alternative financial services
        Bank account access
        financial well-being
      ab: This study examines US household methods used to access their bank account, and implications for the use of Alternative Financial Services (AFS) and financial well-being. Latent class analysis and multinomial logistic regression were conducted. Results indicated that 7.7% of households are very likely to access their account through a bank teller (Bank Teller Access Method), 25% are very likely to use all types of technology (All Technology Access Method), 33.5% use all types of access methods but not their smartphone (Traditional Technology Access Method), and 33.8% use all methods (All Modes Access Method). Access method is associated with AFS use.
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    language: English
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