Millions do without bank accounts – (tend to be minorities – several Hispanics quoted)
Posted on: June 24th, 2007“As many as 28 million people in the United States are forgoing traditional financial institutions because of mistrust, cultural and language barriers or a belief that by the time all the bills are paid there will be nothing left for an account.
That can be expensive and risky. People can run up big fees to cash checks, pay bills and meet their other financial needs. Walking around with large amounts of cash can make them a target for thieves.”
Curation from Tomás
Filed Under: 1. Hispanic News, Banking, Business, Your Money
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