A record low number of households in the U.S. are unbanked, according to the 2023 Federal Deposit Insurance Corp. (FDIC) National Survey of Unbanked and Underbanked Households released Nov. 12, 2024. A household in which no members have a bank account, is how unbanked is defined by the FDIC.
This number has steadily decreased -- from its highest point in 2011 (8.2 percent) to 4.2 percent in the latest survey. The FDIC survey found that 5.6 million households are unbanked and 128 million households were banked last year. This is the eighth biennial survey, which began in 2009.
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