Imagine your daily life without using a debit card to pay for groceries or pulling up your bank app to check your account balance. But that is the current reality for millions of Americans.
According to a recent survey by the FDIC, data from 2023 reveals over 5.6 million unbanked households in the U.S. In other words, they don't have a checking or savings account. That's a record low number since the survey began in 2009, but some groups were more likely to not have a bank.
