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Alternative financial services use in the U.S. households 2017, by banking status

Published by Statista Research Department, Nov 23, 2020
This statistic presents the use of alternative financial services by households in United States in 2017, by banking status. It was found that 51.3 percent of the unbanked U.S. households having no account at an insured institution) used alternative financial services.

Alternative financial services (AFS) use in the households of the United States 2017, by banking status

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Release date

October 2018

Region

United States

Survey time period

2017

Number of respondents

35,217 respondents

Supplementary notes

Total number of survey respondents: 35,217.
Among households which used alternative financial services in the previous 12 months.
Unbanked households are those without an account at an insured institution. Underbanked households have an account at an insured institution, but have also obtained financial services and products from non-bank, alternative financial services (AFS) providers in the last 12 months.

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