Study: One in 12 Americans has no ban...

Study: One in 12 Americans has no bank account

There are 1 comment on the The York Daily Record story from Aug 12, 2010, titled Study: One in 12 Americans has no bank account. In it, The York Daily Record reports that:

Alma Ramsey grit her teeth whenever a check-cashing business charged her for the service -- about 1 to 2 percent of the amount stayed behind as the fee.

Join the discussion below, or Read more at The York Daily Record.


York, PA

#1 Aug 13, 2010
"A recent survey by the Federal Reserve found one in 12 families -- about 8.7 percent nationwide -- do not have a banking account." I remember the same line of reasoning being applied in the early 90's to rates of home ownership. The subsequest lowering of lending standards to spur lending amongst a certain demographic worked well, didn't it? I hope the gummint has the common sense to leave this one alone. They don't have bank accounts for a reason!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Big Box Retailers Discussions

Title Updated Last By Comments
News Target stock plummets as "transgender" bathroom... (May '16) Nov '17 cadescove99 110
News Mount Pleasant mayoral candidate Linda Page: To... Nov '17 PJS 2
News Oroville super Walmart project appeals consider... (Dec '10) Oct '17 John Cooper Sr 74
News Milton Mayor poised to become the next Hazel Mc... (Aug '14) Jul '17 easy with slots cash 7
News What is a painting worth? Rockwell director coo... (Jul '17) Jul '17 Blind Willie McDill 1
News Retail armageddon: More bankruptcies in four mo... (Jun '17) Jun '17 Zombies 1
News Why are there no black-owned grocery stores in ... (Mar '17) May '17 watching livonia 36
More from around the web