Unbanked in America: A Review of the Literature - Federal …
https://www.clevelandfed.org/publications/economic-commentary/2022/ec-202207-unbanked-in-america-a-review-of-the-literature
webMay 26, 2022 · In 2019, 5.4 percent of US households were unbanked, meaning that no one in the household had a checking or savings account at a bank or credit union (FDIC 2020). 1 The likelihood of being unbanked was even higher for some segments of the population, such as low-income and racial and ethnic minority households. 2 As shown in Figure 1, …
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