Unbanked / Underbanked Household Rate
4.2% — down from 4.5% two years ago; a record low, halved from 8.2% in 2011
What is the current Unbanked / Underbanked Household Rate?
Unbanked / Underbanked Household Rate: 4.2% as of 2023, and improving. Source: FDIC National Survey of Unbanked and Underbanked Households.
4.2% of US households remain unbanked — lowest rate on record
Steady decline from 8.2% in 2011. FDIC biennial survey.
Explore Further
Is this happening to you?
Do you or someone you know rely on check-cashing or prepaid cards instead of a bank account?
How has Unbanked / Underbanked Household Rate changed over time?
Most affected counties
Counties with the highest consumer credit distress scores in the County Distress Index.
Explore all 3,144 counties →| Period | Value | YoY Change |
|---|---|---|
| 2023 | 4.2% | — |
| 2021 | 4.5% | — |
| 2019 | 5.4% | — |
| 2017 | 6.5% | — |
| 2015 | 7% | — |
| 2013 | 7.7% | — |
| 2011 | 8.2% | — |
Frequently Asked Questions
What is Unbanked / Underbanked Household Rate?
4.2% — down from 4.5% two years ago; a record low, halved from 8.2% in 2011
Why does Unbanked / Underbanked Household Rate matter for financial distress?
Unbanked / Underbanked Household Rate is one of the indicators tracked by the American Distress Index (ADI), which measures five dimensions of U.S. household financial distress: Buffer Depletion, Debt Stress, Financial Conditions, Cost Pressure, and Labor Market disruption. Changes in this indicator contribute to the overall distress picture.
Where does the Unbanked / Underbanked Household Rate data come from?
This data comes from FDIC National Survey of Unbanked and Underbanked Households. More information: https://www.fdic.gov/analysis/household-survey/. The American Distress Index updates this indicator annual.
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