Moving from unbanked to banked

Authors

  • Angela C. Lyons University of Illinois at Urbana-Champaign
  • Erik Scherpf University of Illinois at Urbana-Champaign

DOI:

https://doi.org/10.61190/fsr.v13i3.4796

Keywords:

Program evaluation, Financial education, Unbanked

Abstract

Using data collected from participants of the FDICs Money Smart program, this study investigates the impact that financial education has on an individual's decision to move from unbanked to banked. To date, most programs and initiatives that target the unbanked define program impact by the number of bank accounts opened. This study provides evidence that the best measure of program "success" may not be the number of accounts opened, but instead whether the program has provided the unbanked with the skills and tools necessary to make sound financial decisions given their financial circumstances.

Downloads

Published

2004-09-30

Issue

Vol. 13 No. 3 (2004): FSR Fall 2004

Section

New Original Submission

License

Copyright (c) 2004 Academy of Financial Services

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Author(s) retain copyright and grant the Journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial 4.0 International License that allows to share the work with an acknowledgment of the work's authorship and initial publication in this Journal.

This license allows the author to remix, tweak, and build upon the original work non-commercially. The new work(s) must be non-commercial and acknowledge the original work.

How to Cite

Moving from unbanked to banked. (2004). Financial Services Review, 13(3), 215-231. https://doi.org/10.61190/fsr.v13i3.4796