African Americans lack proper access to US banks: Study
Many black people in the United States have difficulty saving money partly because they lack access to traditional banking services, contributing to the growing racial wealth gap in the US, a new study has found. Many African Americans depend on more expensive alternative financial services like check-cashing counters since there are fewer banks in non-white neighborhoods, according to the study published on Tuesday by McKinsey & Co. Increasing access to basic banking services, like checking and savings accounts, could save individual black ...
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