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Main reasons why U.S. households were unbanked in 2019

Published by Statista Research Department, Jun 15, 2022
The most common main reason why households were unbanked in the United States in 2019 was because they did not have enough money, which was the main reason for 29 percent of the households. Just over 16 percent stated that the main reason was that they did not trust banks.

Main reasons why households were unbanked in the United States in 2019

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Source

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Release date

October 2020

Region

United States

Survey time period

2019

Number of respondents

Almost 33,000 households

Supplementary notes

Unbanked households are those without an account at an insured institution.

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