WASHINGTON — A government survey shows about 821,000 U.S. households lost access to basic banking services between January 2009 and June 2011.
|Roughly 10 million U.S. households, or 8.2 percent, have no access to bank accounts, according to a survey conducted by the Federal Deposit Insurance Corp. That's up from 7.7 percent in the FDIC's 2009 survey.
|And an even larger percentage of Americans are relying on high-interest alternatives, even those with traditional bank accounts. The survey found 28.3 percent either lacked bank accounts or used payday loans, check-cashing services and other alternatives as of June 2011. That's up from 25.6 percent in the previous survey.
|The survey found 21.4 percent of black families and 20.1 percent of Hispanic families had no banking services.
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