Determinants of access to financial services for youth in South Africa : an analysis of the national income dynamics study data.
Date
2017
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Abstract
The Sustainable Development Goals (SDGs) and the National Development Plan for South
Africa have highlighted the importance for improving the accessibility of financial services to
all South Africans. South African youth form the majority of the population. Therefore, this
study investigates the determinants of their financial access with consideration placed towards
age, gender, marital status, education, race, employment and place of residence. Using the
National Income Dynamics Study Wave 3, through bivariable and multivariable regression,
this study revealed that the majority of the youth do not have financial access. Major findings
of the study indicate that there is a significant relationship between age, race, gender, place of
residence, employment status, education, marital status and financial access. The findings of
this study hold value in contributing towards the discussion of poverty reduction and reducing
income inequality in a country whose majority of citizens have been historically disadvantaged.
Description
Master of Social Science in Population Studies. University of KwaZulu-Natal. Durban, 2017.