'Unbanked' Americans lack access to financial services
Clip: 12/26/2022 | 8m 5sVideo has Closed Captions
Millions of 'unbanked' Americans lack adequate access to financial services
It's not well known, but about 4.5% of U.S. households are unbanked, meaning no one in the house has a checking or savings account. The rate declined during the pandemic because people opened accounts to receive government stimulus funds. But disparities between the banked and unbanked persist. Economics correspondent Paul Solman reports.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
'Unbanked' Americans lack access to financial services
Clip: 12/26/2022 | 8m 5sVideo has Closed Captions
It's not well known, but about 4.5% of U.S. households are unbanked, meaning no one in the house has a checking or savings account. The rate declined during the pandemic because people opened accounts to receive government stimulus funds. But disparities between the banked and unbanked persist. Economics correspondent Paul Solman reports.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...