Hello! You're looking at a policy document report on Overton

We track government policy, guidelines, think tank research, working papers and more to help our customers see the impact and influence of their work. Are you interested in seeing what information we have to offer? Request a free trial to our platform.

If you fund, produce or manage research or work to influence policy, we'd love to talk. Learn more on our homepage.

Where Are the Unbanked and Underbanked in New York City?

Flag for USA Urban Institute on July 6th 2018
Caroline Ratcliffe, Signe-Mary McKernan, Emma Cancian Kalish and Steven Martin
Nationwide, millions of Americans operate outside the formal financial sector and are unbanked or underbanked. This brief provides information on the banking status of New York City residents. Using model-based predictions, we find that 360,000 New York City households (11.7 percent) were unbanked and another 780,000 New York City households (25.1 percent) were underbanked in 2013. We also examine New Yorkers’ use of prepaid cards, which can be an alternative to traditional bank accounts.

Topics in this document

Citations

Cited by 141 other policy documents (138 of them are from other policy sources)