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HomeNews & PoliticsMillions of 'unbanked' Americans lack adequate access to financial services

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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