The survey results show that 28.3 percent of U.S. households are unbanked or underbanked, an increase of 821,000 households, or 0.6 percent, from the same survey taken in 2009.
More than half of the unbanked households said they did not have a bank account because they didnt think they had enough money for one, or didnt see the need for a bank account.
Other survey findings:
-8.2 percent of U.S households are unbanked.
-20.1 percent of households are underbanked.
-29.3 percent of households do not have a savings account; 10 percent do not have a checking account.
-25 percent of households have used an alternative financial service, such as a check cashing or payday loan service, in the past year. Twelve percent of households used an alternative financial service in the past 30 days, while it was 40 percent among unbanked or underbanked households.