Individuals and families achieve financial stability and 1 more... less...
3. Increased financial capability
FS-Ind. 3.2: % of Story County households underbanked
Current Value
17.4%
Definition
= Percentage of households that have a checking and/or a savings account and have used non-bank money orders, non-bank check-cashing services, non-bank remittances, payday loans, rent-to-own services, pawn shops or refund anticipation loans (RALs) in the past 12 months
Story Behind the Curve
"Underbanked" refers to individuals that may "have a checking and/or a savings account and have used non-bank money orders, non-bank cash-checking services, non-bank remittances, payday loans, rent-to-own services, pawn shops, or refund anticipation loans (RALs) in the past 12 months." (per Scorecard.ProsperityNow.org).
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