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A focused study group for the discussion of economics and economic policy.
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© 2020 Relevant Protocols Inc.
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WASHINGTON—The proportion of U.S. households without access to a bank account fell in recent years but could be driven up again by the coronavirus pandemic, according to a survey released Monday by the Federal Deposit Insurance Corp. The so-called unbanked rate declined to 5.4% in 2019 from 6.5% in 2017, as some 1.5 million households saw at least one member open a checking or savings account, the FDIC said in the biennial report. That represents the lowest level since at least 2009, when the survey began.
WASHINGTON—The proportion of U.S. households without access to a bank account fell in recent years but could be driven up again by the coronavirus pandemic, according to a survey released Monday by the Federal Deposit Insurance Corp. The so-called unbanked rate declined to 5.4% in 2019 from 6.5% in 2017, as some 1.5 million households saw at least one member open a checking or savings account, the FDIC said in the biennial report. That represents the lowest level since at least 2009, when the survey began.
>"The proportion of U.S. households lacking a checking or savings account fell to 5.4% in 2019 from 6.5% in 2017 but could be driven up again by the coronavirus pandemic."
>"The proportion of U.S. households lacking a checking or savings account fell to 5.4% in 2019 from 6.5% in 2017 but could be driven up again by the coronavirus pandemic."
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