Banking

Underbanked

 12/01/2016 - 05:46
EFE/Archive
English

More than one-quarter of Americans don’t have adequate access to basic banking tools, such as checking accounts, credit cards, or loans for instance. Mostly all of these people belong to communities with low incomes, with less than a college degree, and minorities.

Depending on alternative products such as payday or auto loans to make ends meet, increase their risk of marginalization. 

Posted Date: 
Thursday, December 1, 2016 - 5:36am
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EFE/Archive

Fed study sheds light on how millennials use money

 01/13/2016 - 16:46
Photo: 401(K) 2012 via Flickr (under license CC BY-SA 2.0)

Reasearches found high-earning millennials used a mix of traditional and more modern ways to spend and bank.

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Posted Date: 
Wednesday, January 13, 2016 - 4:27pm
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Photo: 401(K) 2012 via Flickr (under license CC BY-SA 2.0)