6:36 PM
Julio Barreto
Survey results released by the Federal Deposit Insurance Corporation (FDIC) revealed that twenty-five percent of US households, including large percentage of low-income and minority households, are outside of the banking system. The survey, FDIC National Survey of Unbanked and Underbanked Households, was conducted on behalf of the FDIC by the U.S. Bureau of the Census as a supplement to the Census Bureau's Current Population Survey during January 2009.In addition to collecting accurate estimates of the number of unbanked and underbanked households in the U.S., the survey was designed to provide insights into their demographic characteristics and reasons why the households are unbanked and/or underbanked. The survey represents the first time that this data has been collected to produce estimates...
