BusinessBusiness

Millions Of Families Too Broke For Bank Accounts

Too Broke For Bank Accounts
Open Image Modal
By 

Senior Reporter, HuffPost

|
Open Image Modal
CAMDEN, NJ - OCTOBER 11: A homeless man panhandles on the street on October 11, 2012 in Camden, New Jersey. According to the U.S. Census Bureau, Camden, New Jersey is now the most impoverished city in the United States with nearly 32,000 of Camden's residents living below the poverty line. Camden, which sits just over the bridge from more affluent Philadelphia, also has a chronic crime problem with 48 recorded homicides this year alone. A lack of jobs has been a feature of life in Camden since the city lost most of its manufacturing base in the late 60's and 1970's. While the state unemployment rate is about 9.9 percent, Camden's is estimated at 19 percent. (Photo by Spencer Platt/Getty Images)

Sabino Fuentes-Sanchez hid $25,000 all around his house because he didn't trust banks. Lasonia Christon receives her Walmart salary on a pre-paid debit card. Kim James was homeless for most of the past decade in part because she had no place to save money.

Read more on NBC News

Support HuffPost

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.

Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.

Would you join us to help keep our stories free for all? Your will go a long way.

Support HuffPost
Suggest a correction
|
Submit a tip