New Report on Unbanked and Underbanked Households

Posted by on March 01, 2010

A new FDIC study shows that 60M people are unbanked or underbanked. With all the anger at Wall Street, Big Banks, will this be a trend that goes higher?

About the 2009 National Survey of Unbanked and Underbanked Households

The Federal Deposit Insurance Corporation (FDIC) conducted the 2009 FDIC National Survey of Unbanked and Underbanked Households to address a gap in reliable data on the number of unbanked and underbanked households in the United States, and as part of its efforts to comply with a statutory mandate that requires the FDIC to conduct ongoing surveys of banks on their efforts to serve the unbanked. The household survey complements the FDIC Survey on Banks’ Efforts to Serve the Unbanked and Underbanked, published in February 2009, and provides significant new insights into the size of the unbanked and underbanked markets at the national, state, and large metropolitan statistical area (MSA) level. It is intended to inform policymakers and the industry about economic inclusion issues, and to promote the goal of ensuring that all Americans have access to basic, safe, and affordable bank services.

* Read the Executive Summary  PDF

* Read the full report  PDF

* Read Appendices A-E  PDF

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