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8.7% Don't Have Bank Accounts

posted Jun 25, 06:23 AM by Puffo

It seems that 8.7% of those in the US don’t have a bank account. The majority of these people are the very poor.

A Consumer Federation of America survey of check-cashing outlets, found that on average it cost $24.45 to cash a $1,002 Social Security check last year. A blue-collar worker pays an average $19.66 every week to cash a $478.41 handwritten paper check.

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