North Carolina payday loan

Searching Southern by Southwest to Map America’s Unbanked

Searching Southern by Southwest to Map America’s Unbanked

Editor’s note: this is actually the blog that is second a series targeted at comprehending the exactly what, where, why, and exactly how of unbanked and underbanked households.

If you value maps, this is actually the post for you personally. Of course you would like numbers, listed here are two ones that are important seven and 20.

In final month’s feature regarding the unbanked and underbanked, we defined exactly what the terms mean: unbanked and underbanked households reside outside the monetary conventional, counting on varying examples of high priced alternative financial services like pay day loans or check cashers.

But where are these underserved households situated? Are unbanked communities additionally underbanked?

To resolve those concerns, let’s begin with seven. Nationwide, about seven per cent of households are unbanked. Read More