CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care


CFED Assets & Opportunity Scorecard

Unbanked Households

Reports & Graphics


Percentage of households with neither a checking nor savings account, 2011.


A bank or credit union account are often the first step in saving, planning for the future, building credit and climbing the economic ladder, but almost ten million American households don't have one. Households without an account may spend a significant amount of money on financial services for which most Americans pay little to nothing. The average full-time worker without a bank account can spend $40,000 over the course of his or her lifetime just to cash paychecks. In addition, those without an account don’t have a safe place to store their money, which makes them more likely to be victims of theft and unable to safely access money during emergencies.

Beyond issues of cost and safety, unbanked individuals do not have a way to save and build a personal safety net, turn savings into asset investments, or to build the robust and positive credit history needed to access affordable credit and succeed in today’s increasingly complex consumer marketplace. When combined with the rate of underbanked households, this measure can paint a broad picture of which states have more households that are financially underserved.

For more information on the unbanked, see the FDIC's and, where you can also find estimates of the unbanked at the local level. 

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Unbanked Households

StatePercent of
Unbanked Households (%)
United States  8.2%   
Alabama  10.2%  41 
Alaska  5.2%  15 
Arizona  11.6%  48 
Arkansas  12.3%  49 
California  7.8%  32 
Colorado  5.4%  18 
Connecticut  5.3%  16 
Delaware  6.7%  25 
District of Columbia  10.9%  42 
Florida  7.3%  28 
Georgia  11.5%  45 
Hawaii  3.8% 
Idaho  5.7%  20 
Illinois  7.6%  30 
Indiana  7.8%  32 
Iowa  4.4% 
Kansas  7.1%  27 
Kentucky  9.9%  40 
Louisiana  11.5%  45 
Maine  3.7% 
Maryland  5.6%  19 
Massachusetts  4.9%  14 
Michigan  7.7%  31 
Minnesota  4.1% 
Mississippi  15.1%  51 
Missouri  9.5%  37 
Montana  4.8%  13 
Nebraska  3.7% 
Nevada  7.5%  29 
New Hampshire  1.9% 
New Jersey  6.6%  23 
New Mexico  11.5%  45 
New York  9.6%  39 
North Carolina  9.3%  35 
North Dakota  5.3%  16 
Ohio  8.8%  34 
Oklahoma  10.9%  42 
Oregon  4.3% 
Pennsylvania  6.1%  22 
Rhode Island  7.0%  26 
South Carolina  9.3%  35 
South Dakota  4.4% 
Tennessee  10.9%  42 
Texas  12.8%  50 
Utah  2.8% 
Vermont  3.4% 
Virginia  6.6%  23 
Washington  4.5%  11 
West Virginia  9.5%  37 
Wisconsin  4.5%  11 
Wyoming  5.8%  21 


2011 FDIC National Survey of Unbanked and Underbanked Households. Washington, DC: Federal Deposit Insurance Corporation, 2012.

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