individual development accounts Archives

individual development accounts

September 20 2012

New FDIC Study Finds 1 in 4 U.S. Households Unbanked or Underbanked

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The FDIC recently released the results of its second National Survey of Unbanked and Underbanked Households. Among some of the study’s notable findings: ● 28.3 percent of U.S. households are either unbanked (8.2%) or underbanked (20.1%) ● Unbanked and underbanked households are more prevalent among non-Asian minorities: 55.3% of black households; 48.7% of Hispanic households, […]

July 17 2012

Asset-Building Through Savings: Individual Development Accounts (IDAs)

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Earlier this year CFED released its 2012 Asset & Opportunity Scorecard, which provides a comprehensive set of data on the financial security of U.S. households and highlights how the recession has affected the long-term financial security of Americans: “27 percent of households – nearly double the percentage that are income poor – are living in […]