State of the Facts
Data • By Topic • Economy • Wealth & Savings • Personal Finance
Unbanked households are those where no member has a checking or savings account with an insured institution. Underbanked households are those that do have a bank account but have still used an alternative financial service — like a money order or a payday loan — in the past 12 months.
Due to the lack of Underbanked households data being available for 2019, the total Underbanked and unbanked households for 2019 is omitted below until those Underbanked household data are available.