Fewer St. Louis households lack bank accounts

 

The percentage of households in the St. Louis region that don’t have a checking or savings account dropped by more than half to 4.2 percent between 2011 to 2013, according to the latest survey results from the Federal Deposit Insurance Corp.

The last time the FDIC did the survey in 2011, an estimated 9.7 percent of St. Louis households were “unbanked,” defined as households that did not have a checking or savings account.

The FDIC’s National Survey of Unbanked and Underbanked Households report released Wednesday morning says the percentage of unbanked households dropped to 7.7 percent nationally in 2013, down from 8.2 percent in 2011.

The survey estimates 9.6 million U.S. households are unbanked, down from about 10 million in 2011. Those 9.6 million unbanked households represent 25 million people in the U.S. aged 16 and over who lack a checking or savings account.

read more on the St. Louis Post Dispatch

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