WASHINGTON – Credit unions better not forget about older Americans when designing their online banking presence. According to the Pew Internet & American Life project, the percent of Americans 65 or older who go online has jumped by 47% between 2000 and 2004. The Internet banking numbers are growing even faster. In a February 2004 survey by Pew researchers, 22% of Americans age 65 or older reported having access to the Internet, up from 15% in 2000. They're still lagging other age groups, however, as 58% of Americans age 50-64 said they go online, 75% of 30-49 year-olds do, and 77% of 18-29 year-olds currently go online. The February survey showed that men and women are equally likely to be engaging the Internet among the 65 and older set, and that 20% of online seniors had done banking on the Internet by the end of 2003. That's a 12-point increase since 2000 and a growth rate of 150%, the researchers said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.