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

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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:

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FACT:

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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.

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