Of those households with no bank account, 21.7 percent are black, 19.3 percent Hispanic, 15.6 percent Native American and 3.3 percent white. A further 17.9 percent of households are “underbanked’, that is, they have limited access to banking facilities. That’s almost 54 percent of black households, 44.5 percent of Native American households and 43.3 percent of Hispanic households.
Not having enough money is the most common reason these households don’t have a bank account. About 66 percent of these households use non-bank money orders and cheque-cashing, pawn shops, payday loans and rent to own agreements. About one-quarter of unbanked households rely solely on cash transactions.
In November of last year, there was a brief moment of light amid the darkness that was 2020. Scotland became the first country in the world to make period products free for all. Just as the weekend and the eight-hour-day are now regarded by many as a given, future generations may be in disbelief that...
On 4 November last year, when many of us were watching the aftermath of the American presidential election, the US formally left the Paris Climate Agreement. Written in 2015 at the United Nations’ COP21 climate conference in Paris, the agreement is often considered to be the most significant document of international climate cooperation. Back then,...
To say 2020 was dramatic would be an understatement. The world situation has been completely transformed by the Covid-19 pandemic and the inadequacy of governmental and state responses. As we head into 2021 it feels like we are entering uncharted territory. To make specific predictions would be unwise. But the Covid-19 crisis raises fundamental questions...
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