Thursday, September 13, 2012

1 in 12 US Households Have LEFT BANKING SYSTEM .. Median income lowest since 1995... Lower class grows... Rich-Poor Gap Widens to Most Since 1967 ..

That means that roughly 17 million adults are without a checking or savings account. Another 51 million adults have a bank account, but use pawnshops, payday lenders or rent-to-own services, the FDIC said. This underbanked population has grown from 18.2 percent to 20.1 percent of households nationwide
In the past year alone, Wells Fargo, Capital One and SunTrust have alerted customers to pending fee hikes on checking accounts or have raised overdraft charges. Banks say service charges are needed to offset the loss of revenue from a CAP  DEBIT - CARD   transaction   FEES IMPOSED  by the   GOVERNMENT.
More Americans opting out of banking system - CLICK  FOR  MORE..


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