Sheraton Uptown, Albuquerque, NM, USA
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Saturday, April 22 • 8:00am - 9:00am
105-What Explains Racial and Ethnic Differences in Bank Account Ownership?

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Bank account ownership varies considerably across the U.S. In particular, the FDIC (2016) estimates that 18 percent of black households and 16 percent of Hispanic households were “unbanked” in 2015, compared to 3 percent among white non-Hispanic households. This study identifies the key factors contributing to the racial and ethnic disparities in bank account ownership. Specifically, we examine the role of economic circumstances such as income, employment and wealth; other demographic characteristics such as age and household structure; supply-side factors such as geographic proximity to bank branches; and the influence of the communities in which households reside. Our findings will be relevant to policymakers and organizations whose mission is to encourage and support bank account ownership, especially to minority families.

Speakers & Presenters

Ryan Goodstein

Senior Financial Economist, Federal Deposit Insurance Corporation

Alicia Lloro

National Unbankded and Underbanked Household Survey, FDIC
Alicia Lloro is a Senior Financial Economist in the Division of Depositor and Consumer Protection at the Federal Deposit Insurance Corporation.  Her research interests include econometrics, consumer finance, and transportation economics. Since joining the FDIC in 2013, Alicia has... Read More →
avatar for Sherrie L.W. Rhine

Sherrie L.W. Rhine

Senior Economist, Federal Deposit Insurance Corporation

Jeffrey Weinstein

Senior Financial Economist, Federal Deposit Insurance Corporation

Saturday April 22, 2017 8:00am - 9:00am

Attendees (3)