The number of unbanked households in the U.S. has continued to decline in recent years despite a slowing-down of the economic recovery, the Federal Deposit Insurance Corp. found in itsbiennial survey unbanked and underbanked households.

The agency found that in 2015, only 7% of U.S. households were unbanked – meaning they had no access to a bank account – a 0.7% drop from 2013 and a 1.2% drop from 2011. In 2015, there were also 19.9% underbanked households – those that have access to a bank account, but also use alternative financial services such as money orders, payday loans or rent-to-own services.

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