You might assume everyone owns a bank account. But according to a 2021 Federal Deposit Insurance Corporation (FDIC) survey, 4.5% of American households (5.9 million homes) are unbanked. This represents the lowest unbanked population since the FDIC began these surveys in 2009. Per the research, some of the newly banked households opened accounts to receive… Continue reading What Does “Unbanked” Mean?
