Why Doesn’t Everyone Have a Bank Account?

Philadelphia Ethical Society 1906 S. Rittenhouse Square, Philadelphia

Lisa Servon University of Pennsylvania Nearly 28% of Americans have no bank account or use services such as payday lenders, pawn shops and check cashers, in addition to banks. Much energy has been expended trying to get these people to use banks exclusively without first understanding why they make the choices they do. Servon, chair [...]