According to Brown, as many as 50 percent of black and Latino households in San Francisco go without a bank account
This stat is hard to believe. Does anybody have a link to the actual study? Most national studies (like the FDIC one) put this number around 5%. My wife works in the restaurant industry, and most all of the illegal immigrants have bank accounts, smart phones, use direct deposit, etc.
The FDIC puts the overall unbanked percentage at 6.5%, and "this number" (black and Latino households) at 15-20%. The 50% number is outdated but still, it's a sizable percentage.
The article doesn’t link to the study and I can’t find it. “As many as” could mean anywhere from 1 to 50%. Smells like deception, but I could be wrong.
There's a PDF (https://prosperitynow.org/sites/default/files/resources/Bank...) that says that an analysis with those figures was done by Matt Fellowes at the Brookings Institute, which is interesting because it doesn't mention any polling or details, so who knows how those numbers were generated.
This stat is hard to believe. Does anybody have a link to the actual study? Most national studies (like the FDIC one) put this number around 5%. My wife works in the restaurant industry, and most all of the illegal immigrants have bank accounts, smart phones, use direct deposit, etc.