Raw Data: Unbanked Households in the United States and the World

This chart shows the percentage of unbanked households in the US. The dark red dots are from the Fed’s triennial Survey of Consumer Finances. The light red dots are from the FDIC’s biannual Survey of Unbanked and Underbanked Households:

With the exception of the odd outlier in the 2016 SCF, we seem to be approaching a long-term unbanked level of about 6 percent. That compares to about 8 percent in Europe. Unsurprisingly, the unbanked rate is higher for low-income families and the young. Also unsurprisingly, it’s much, much higher for people of color:

Here’s a map of the unbanked rate throughout the world:

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

payment methods

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate