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Drive-Thru Only: Understanding America's unbanked and underbanked population
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ISBN13: 9798645243012
Publisher: Independently Published
Published: May 12 2020
Pages: 120
Weight: 0.30
Height: 0.28 Width: 5.00 Depth: 7.99
Language: English
Publisher: Independently Published
Published: May 12 2020
Pages: 120
Weight: 0.30
Height: 0.28 Width: 5.00 Depth: 7.99
Language: English
How many US households are unbanked or underbanked? The Federal Reserve estimates that about 6.7% of American households are Unbanked, that is, those without checking or savings accounts. Other estimates suggest 7.7%. The data also suggests that 18% of households in the U.S fall under the underbanked category. Those who consume alternative banking services regularly. This book explores the various root causes of this phenomenon, the population groups mostly affected and some thoughts on how to try and provide actionable solutions to the problem.
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