ERIC Number: EJ640439
Record Type: Journal
Publication Date: 2002
Reference Count: N/A
Increasing Participation in Mainstream Financial Markets by Black Households.
Toussaint-Comeaut, Maude; Rhine, Sherrie L. W.
Advancing the Consumer Interest, v13 n1-2 p24-29 Fall 2001-Win 2002
A survey of 194 black households in a Chicago neighborhood found that one in five did not use banks, 49% had credit cards, over 75% used alternative financial services (AFS), and many used informal financial networks. Nonbank and AFS users tended to be lower income, less educated, younger, and unmarried people. Consumer education and public policy changes were recommended. (JOW)
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Illinois (Chicago)