Report
Bank On National Data Hub: Findings from the First Year
Covington, Meredith; Liu, Melanie (2019)
Since 2009, the FDIC has conducted its National Survey of Unbanked and Underbanked Households to assess the number of U.S. households without a bank account at an insured institution, as well as those who have a bank account, but have accessed alternative financial services in the last 12 months. The estimate of households that are unbanked or underbanked is currently at its lowest point. However, the survey notes that millions of Americans are still operating their households and businesses on the sidelines of the financial mainstream because they feel they either “do not have enough money ...
Community Development Publications and Reports

Report
The Present and Future of Bank On Account Data: Pilot Results and Prospective Data Collection
Erwitt, Amelia; Plat, Katie; Bradley, Kelsey; Diner, Paige; Covington, Meredith (2018)
Nearly 27 percent of U.S. households are unbanked and underbanked, which significantly constrains their ability to save reliably, access credit, and achieve other important financial goals. While past financial education and literacy efforts have raised awareness of these issues, there is mixed evidence on the overall effectiveness of such programs, with many studies finding little to no proven impact on consumer financial behaviors. The national Bank On movement seeks to professionalize banking access efforts across the country through supporting local coalitions, increasing the availability ...
Community Development Publications and Reports

The “She-Cession” Persists, Especially for Women of Color
Kent, Ana Hernández; Covington, Meredith (2020-12-24)
During most of the pandemic, women have experienced higher unemployment rates than men. Women of color have been hit particularly hard.
On the Economy