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PBS NEWSHOUR

Life in the cash economy for “underbanked” Americans

  • Aired: 12/15/2013
  • 09:33
  • Rating: NR
Karla Murthy reports on the financial fringe. Nearly 20% of low income US households are "underbanked," according to the FDIC. But is providing access to traditional, mainstream financial services the best solution for everyone? A professor does double duty as a New York City check casher and discovers that banks might not be the best choice for everyone.
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Life in the cash economy for “underbanked” Americans
Nearly 20% of low income households are underbanked. Are traditional banks the solution?
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