Does Community Access to Alternative Financial Services Relate to Individuals' Use of These Services? Beyond Individual Explanations
Author: Nancy Kepple, Terry Friedline
Topic: Consumer protection
Publisher: University of Kansas, Assets and Education Initiative
Location: United States
Format: Working paper
Content Type: Research
Publication Date: December 31, 2015

There is concern that the increasing number of alternative financial services in communities across the US is risking individuals' financial health by increasing their use of these highcost services. To address this concern, this study used restricted-access, zip code data from nationally representative samples of adult individuals and examined whether the density or concentration of alternative financial services within communities related to individuals’ use of these services. The associations between community density and individuals' use varied by annual household income.

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