The Unbanked and Underbanked in Arkansas
According to the Federal Deposit Insurance Corporation, 7.0 percent of U.S. households, about 9 million, are unbanked. An additional 19.9 percent of U.S. households (24.5 million) are underbanked, meaning that the household had a checking or savings account but also obtained financial products and services outside of the banking system.
In Arkansas, the percentage of underbanked and unbanked households falls above the national averages, with 9.7 percent of households in Arkansas unbanked and 22.6 are underbanked.
Unbanked Households
Highest Percentage of Unbanked Households - Phillips County - 17.9 percent
Maps courtesy of Prosperity Now
Underbanked Households
Highest Percentage of Underbanked Households - Lee County - 29.8 percent
Maps courtesy of Prosperity Now