Dallasblack.com: FDIC: 21.4 percent of black families don’t have bank accounts
Tuesday, September 18, 2012

FDIC: 21.4 percent of black families don’t have bank accounts

By: thegrio.com

FDIC: 21.4 percent of black families don’t have bank accounts
A government survey shows about 821,000 U.S. households lost access to basic banking services between January 2009 and June 2011.



Roughly 10 million U.S. households, or 8.2 percent, have no access to bank accounts, according to a survey conducted by the Federal Deposit Insurance Corp. That’s up from 7.7 percent in the FDIC’s 2009 survey.

And an even larger percentage of Americans are relying on high-interest alternatives, even those with traditional bank accounts. The survey found 28.3 percent either lacked bank accounts or used payday loans, check-cashing services and other alternatives as of June 2011. That’s up from 25.6 percent in the previous survey.

The survey found 21.4 percent of black families and 20.1 percent of Hispanic families had no banking services.


Join Our Weekly
Or Daily Newsletters!
64x64

Comments

Recommended Articles

Lashittude Extension & Boutique Beauty Products & Services

Latest Photos

View All Photos

Photogallery Image
#thelife Saturdays @ The Red Room 10.18....
Photogallery Image
#thelife Saturdays @ The Red Room 10.11....
Photogallery Image
Shark Bar Saturdays 10.4.14
Photogallery Image
#thelife Saturdays @ The Red Room 10.4.1...

Featured Events

WED, DEC 31ST 2014
Parties/ Happy Hours

4th Annual NYE Champagne Life

Old Red Museum
SAT, OCT 25TH 2014
Parties/ Happy Hours

#thelife Saturdays Scorpio Takeover

Red Room
SAT, NOV 8TH 2014
Concerts

Mali Music IN SESSION presented by Chosen Musicians

Life In Deep Ellum
MON, NOV 3RD 2014
Special Interest

FREE Job Training!

Bill J. Priest Institute for Economic Development
All Events