https://hotair.com/headlines/archives/2012/11/20/why-so-many-americans-dont-have-bank-accounts/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 07:04:16 -0400<![CDATA[Not surprisingly, low-income people are the ones most likely to be underbanked, according to FDIC data. Among households with annual incomes of less than $15,000 a year, 28% have no bank account and another 22% have less than a full range of services. Rates of underbanking are similarly high among the unemployed, people without high school degrees and those under the age of 25. In addition, African-Americans, Native Americans and Hispanics have higher rates than Whites and Asians. Only about 5% of employed, middle-class Americans are without bank accounts, but more than 20% use financial services outside of the banking system – typically for reasons of convenience.]]>Tue, 20 Nov 2012 18:00:34 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2012/11/20/why-so-many-americans-dont-have-bank-accounts-n97649