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FDIC Gains Insights on Unbanked and Underbanked Households in U.S.

The FDIC or Federal Deposit Insurance Corporation had sponsored a national survey of unbanked and underbanked households in order to collect data on the number of such households, their demographic characteristics, the reasons for being unbanked or underbanked and other insights as well.

Some prominent insights that came forth are:

  • 7% of households in U.S. were unbanked in 2013. In numbers, this represents approximately 9.6 million households.
  • 20% ...
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