Financial inclusion, vulnerability, and mental models: From physical access to effective use of financial services in a low income area of Mexico City

Quantitative analysis indicates that variation in use of regulated and unregulated financial services in a low-income area of Mexico City can only partially be attributed to differences in socio-economic variables including gender, employment, education and housing status. Qualitative evidence suggests cognitive resources (including financial knowledge, attitudes and values) and socialised experiential learning are also important to financial inclusion and its relationship to vulnerability. Better understanding of these links requires more research into actual and potential users' diverse and malleable mental models.