Understanding the use of digital finance among older internet users in urban China: Evidence from an online convenience sample.

Inclusive digital financial services should welcome older populations and make them beneficiaries of the digital and financial revolution. To understand older adults' experience of using digital financial tools, we conducted an online survey of 268 older internet users aged 60 or above from urban ar...

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Publicado en:Educational Gerontology Vol. 49; no. 6; pp. 477 - 491
Autores principales: Zeng, Yingying, Li, Yuekang
Formato: research tables/charts Journal Article
Publicado: Taylor & Francis Ltd Jun2023
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Jun2023
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      pub: Taylor & Francis Ltd
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        10.1080/03601277.2022.2126341
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        atl: Understanding the use of digital finance among older internet users in urban China: Evidence from an online convenience sample.
      aug:
        au:
          Zeng, Yingying
          Li, Yuekang
        affil: The Brown School of Social Work, Washington University, St. Louis, Missouri, USA
      sug:
        subj:
          COVID-19 Pandemic Prevention and Control
          Stay-at-Home Orders Psychosocial Factors
          Financial Management Evaluation
          Urban Population Psychosocial Factors
          Life Experiences Evaluation
          Internet Utilization
          Digital Technology Utilization
          Human
          China
          Aged
          Life Style
          Digital Divide
          Logistic Regression
          Attitude to Risk
          Internet Access
          Aged: 65+ years
      ab: Inclusive digital financial services should welcome older populations and make them beneficiaries of the digital and financial revolution. To understand older adults' experience of using digital financial tools, we conducted an online survey of 268 older internet users aged 60 or above from urban areas of 14 Chinese provinces after China's nationwide COVID-19 lockdown in 2021. Our results revealed that older internet surfers were active in digital financial activities and engaged most with activities that were highly compatible with their lifestyles. Active users significantly differed from inactive users in sociodemographics, confirming that a digital divide related to social stratification exists among older internet users. Digital finance active users were also distinguished from inactive users' attitudes and perceptions toward digital finance. Logistic regression results indicated that perceived usefulness, access to proper devices for digital finance, risk perceptions, and perceived exclusion if not using technology were associated with their adoption of these advanced tools. Older adults reported the perceived inconvenience of in-person financial services during the lockdown. They also expressed a willingness to participate in relevant training if provided. The findings of this study could help aging-related practitioners to understand older adults' engagement in digital finance and guide policy and project design in the area of financial inclusion of the aging population.
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      ougenre: Article
    language: English
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