[PBS NewHour]

Millions of ‘unbanked’ Americans lack adequate access to financial services

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WASHINGTON, D.C. (NewsHour) — 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.