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2024 Annual Conference

du 21 au 23 May 2024

Hyatt Regency Milwaukee, Milwaukee, WI, USA

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

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A1a Access to Alternative Financial Services and Consumer Borrowing: Does Financial Capability Matter?

mardi 21 mai 2024 à 15:30–17:00 CDT
Room 1
Short Description

This study examines the association between the availability of alternative financial services (AFS) in the geographic area and consumers’ use of AFS products and whether consumers’ financial capability moderates the effect of access. The 2021 wave of the National Financial Capability Study (NFCS) is used. Results from this study revealed that a greater density of AFS lenders in the area predicted higher probability and frequency of use, and financial capability remained an overall strong negative predictor of AFS use. The findings further suggest that financial knowledge and perceived money-management capability might negatively moderate the effect of AFS lender density on individual AFS use. We also found indications that payday bans are linked to an increased use of other types of AFS products. Implications for policymakers, scholars, and researchers are discussed. 

Type of presentation

Accepted Oral Presentation

Submitter

Yunhee Chang, University of Mississippi

Authors

Swarn Chatterjee, University of Georgia
Yunhee Chang, University of Mississippi
Chargement en cours …