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

Underbanked Households

Reports & Graphics


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, 2011.


This measure describes the percentage of households that have a mainstream account but use alternative and often costly financial services for basic transaction and credit needs. Approximately 79% of underbanked households use non-bank money orders, while 31% use check cashing services, meaning they spend a significant amount on services for which most Americans pay little to nothing. Underbanked households are also more prone to loss or theft and face challenges in building credit and achieving financial security compared to banked households. Overall, use of alternative financial services has become more prevalent since 2009, with larger proportions of households of different ages, education levels, race/ethnicity and family type all reporting greater use of alternative financial services. When combined with the rate of unbanked households, this measure can paint a broad picture of which states have more households that are financially underserved.

For more information on the underbanked, see the Center for Financial Services Innovation, FDIC's and, where you can also find estimates of the underbanked at the local level.

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Underbanked Households

StatePercent of
Underbanked Households (%)
United States  20.1%   
Alabama  28.8%  50 
Alaska  20.2%  30 
Arizona  20.5%  31 
Arkansas  28.1%  49 
California  18.0%  16 
Colorado  16.1% 
Connecticut  15.2% 
Delaware  15.5% 
District of Columbia  22.3%  42 
Florida  21.1%  35 
Georgia  26.8%  46 
Hawaii  20.0%  29 
Idaho  19.0%  20 
Illinois  17.7%  13 
Indiana  19.1%  22 
Iowa  17.2%  10 
Kansas  19.7%  28 
Kentucky  21.5%  38 
Louisiana  27.2%  47 
Maine  19.0%  20 
Maryland  21.2%  37 
Massachusetts  14.1% 
Michigan  17.3%  11 
Minnesota  12.6% 
Mississippi  23.6%  44 
Missouri  20.6%  32 
Montana  22.0%  40 
Nebraska  17.8%  14 
Nevada  31.2%  51 
New Hampshire  12.5% 
New Jersey  19.4%  25 
New Mexico  23.6%  44 
New York  19.4%  25 
North Carolina  21.7%  39 
North Dakota  18.0%  16 
Ohio  19.3%  24 
Oklahoma  23.2%  43 
Oregon  14.4% 
Pennsylvania  18.0%  16 
Rhode Island  17.8%  14 
South Carolina  20.6%  32 
South Dakota  22.0%  40 
Tennessee  18.1%  19 
Texas  27.2%  47 
Utah  21.0%  34 
Vermont  17.4%  12 
Virginia  16.7% 
Washington  19.4%  25 
West Virginia  19.2%  23 
Wisconsin  14.2% 
Wyoming  21.1%  35 


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

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