Unbanked Status of Black Households

~ Columbine ~

The purpose of this study is to report the findings from a study that was designed to identify factors associated with the use of checking and savings accounts among Black households. This study adds to the financial inclusion—defined as a condition when individuals and businesses have access to useful and affordable financial products and services that meet their needs (transaction, payments, savings, credit, and insurance) delivered responsibly and sustainably (The World Bank, n.d.)—literature by showing that certain demographic, financial, behavioral, and attitudinal characteristics can help explain the choice to hold a checking or savings account among Black financial decision-makers.