|
In response to
"I do understand the many reasons the poor don't use banks but the biggest is that there are no banks in their neighborhood."
by
Krusty
|
don't make me bring out stats. ;p
Posted by
b. (aka starrynit)
Feb 15 '17, 15:09
|
it is a reason for some/in some areas; but people feeling they don't have enough money to bank is the most common reason given (in fdic and pew studies, referenced in what I've read and I'm sure in a bunch of what I linked) for not having a bank account.
an even bigger group than those with no bank account is what are called "underbanked" people meaning at least one person in a household has an account but they use alternates like check cashing services/payday loans/etc., too.
there needs to be more than just more bank locations, it has to be banks that serve more people - from lower fees to small loans without the crazy high rates.
|
Responses:
|