Benefits October 29, 2001

Americans Use PCs for Personal Finance

October 29, 2001 (PLANSPONSOR.com) - An overwhelming 93% of households with computers now have Internet access, and almost a third of these use their PCs to manage their finances - food for thought for plan sponsors considering taking their 401(k) plans online.
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And, according to the Yankee Group’s annual Technologically Advanced Family (TAF) Survey, the top three uses for home PCs are:

  • online services and Internet access, cited by 76%
  • games and entertainment, listed by 58%
  • personal or household finances, cited by 30%.

The online population is also becoming more experienced. Of PC owners who have Internet access:

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  • 83% have been online for over a year
  • two-fifths have been online for between one and three years
  • almost 45% have been online for over three years.

The study sample was selected from a consumer mail panel of 450,000 nationally representative US households.

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