Padua, Larissa A.
From being unbanked to becoming unbanked or unbankable community experts describe financial practices of latinos in east Los Angeles / [electronic resource] : Larissa A. Padua & Joanna K. Doran. - pp. 428-444.
Appropriate use of formal financial institutions facilitates saving and asset building. Yet 20% of the US Latino population is unbanked. In this cross-sectional qualitative study, 34 community experts were interviewed regarding financial practices in the predominantly low-income Latino and immigrant community of East Los Angeles. Thematic analysis of these in-depth, semistructured interviews suggests that immigration status fuels fears regarding banking and ultimately the persistence of unbanked status; limited financial education prompts community members to move from being unbanked to being unbankable. Techniques employed to reverse this cycle appear helpful, but ultimately overwhelmed by the magnitude of community mistrust and misinformation.
Mode of access: Internet.
Asset building, banking habits, East Lost Angeles, financial literacy, financial services, immigrant, Latino, low-income, unbanked, undocumented
From being unbanked to becoming unbanked or unbankable community experts describe financial practices of latinos in east Los Angeles / [electronic resource] : Larissa A. Padua & Joanna K. Doran. - pp. 428-444.
Appropriate use of formal financial institutions facilitates saving and asset building. Yet 20% of the US Latino population is unbanked. In this cross-sectional qualitative study, 34 community experts were interviewed regarding financial practices in the predominantly low-income Latino and immigrant community of East Los Angeles. Thematic analysis of these in-depth, semistructured interviews suggests that immigration status fuels fears regarding banking and ultimately the persistence of unbanked status; limited financial education prompts community members to move from being unbanked to being unbankable. Techniques employed to reverse this cycle appear helpful, but ultimately overwhelmed by the magnitude of community mistrust and misinformation.
Mode of access: Internet.
Asset building, banking habits, East Lost Angeles, financial literacy, financial services, immigrant, Latino, low-income, unbanked, undocumented
Hong Kong Nang Yan College of Higher Education
Lee Yan Fong Library
325-329 Lai Chi Kok Road, Shamshuipo, Kowloon, HONG KONG
Lee Yan Fong Library
325-329 Lai Chi Kok Road, Shamshuipo, Kowloon, HONG KONG