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Main reasons why households were unbanked in the United States in 2019

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Source

Release date

October 2020

Region

United States

Survey time period

2019

Number of respondents

Almost 33,000 households

Supplementary notes

Unbanked households are those without an account at an insured institution.

Citation formats

Main reasons why U.S. households were unbanked in 2019

Published by K. Scholle, Oct 19, 2020
The most common main reason why households were unbanked in the United States in 2019 was because they did not have enough money, which was the main reason for ** percent of the households. Just over ** percent stated that the main reason was that they did not trust banks.
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