Who Uses Electronic Banking? Results from the 1995 Survey of Consumer Finances

48 Pages Posted: 4 Nov 1997

See all articles by Myron L. Kwast

Myron L. Kwast

Board of Governors of the Federal Reserve System

Arthur B. Kennickell

Federal Reserve Board - Department of Research & Statistics

Date Written: June 25, 1997

Abstract

This study uses the 1995 Survey of Consumer Finances to examine households' use of technologies, including electronic means, to transact at a financial institution and to gain information for making saving and borrowing decisions. Household use of various technologies is correlated with household income, financial assets, age, and years of education. Results suggest that relatively new electronic technologies are used by relatively few households, and that household use of electronic sources of information for financial decision making is barely off the ground.

JEL Classification: D12, D13, G20, G21, G28

Suggested Citation

Kwast, Myron L. and Kennickell, Arthur B., Who Uses Electronic Banking? Results from the 1995 Survey of Consumer Finances (June 25, 1997). Available at SSRN: https://ssrn.com/abstract=38560 or http://dx.doi.org/10.2139/ssrn.38560

Myron L. Kwast (Contact Author)

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2909 (Phone)
202-452-3819 (Fax)

Arthur B. Kennickell

Federal Reserve Board - Department of Research & Statistics ( email )

20th & C. St., N.W.
Washington, DC 20551
United States
202-452-2247 (Phone)
202-452-5295 (Fax)

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