The Majority of Low-Income Hispanic and Black Households Have Little-to-No Bank Access, Complicating Access to COVID Relief Funds

The Majority of Low-Income Hispanic and Black Households Have Little-to-No Bank Access, Complicating Access to COVID Relief Funds

Lina Guzman & Renee Ryberg, National Research Center on Hispanic Children and Families (June 11, 2020)

According to the Federal Deposit Insurance Corporation (FDIC), 60% of low-income Hispanic and black households have very limited, if any, access to banks. This creates issues for families eligible for CARES Act stimulus checks.

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