Roughly 10 million U.S. households, or 8.2 per cent, have no access to bank accounts, according to the survey, conducted by the
And an even larger percentage of Americans are relying on high-interest alternatives, even those with traditional bank accounts.
The survey found 28.3 per cent either lacked bank accounts or used payday loans, cheque-cashing services and other alternatives as of
The survey found 21.4 per cent of black families and 20.1 per cent of Hispanic families had no banking services.
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