Tag: underbanked

Real Talk: The Money Shuffle Could Cost You More

by Kembala Evans | Sep 26, 2012 | Money Mgmt, Save Money | 2

I was a guest on WVON “The Talk of Chicago” last week. We discussed The Washington Post article, “More Americans opting out of banking system.” There are less Americans using banks after the Great Recession. And some listeners...

The Truth About the Unbanked & Underbanked in America

by Kembala Evans | Sep 25, 2012 | Money Mgmt | 0

A recent FDIC survey showed nearly 10 million U.S. households are unbanked. And 24 million are underbanked. It also revealed that most of these households use high cost alternatives like check cashers and payday lenders to...