By Paul Solman & Diane Lincoln Estes, PBS News Hour | December 26, 2022
It’s not well known, but about 4.5% of U.S. households are unbanked, meaning no one in the house has a checking or savings account. The rate declined during the pandemic because people opened accounts to receive government stimulus funds. But disparities between the banked and unbanked persist. Economics correspondent Paul Solman reports.
It is not well-known, but about 4.5 percent of U.S. households are unbanked, meaning no one in the house has a checking or a savings account.
The rate declined during the pandemic, in part because people opened accounts to receive government stimulus funds. But disparities between the bank and the unbanked persist.
Watch the video or read the full transcript on PBS.org.
