[morningmoon]

According to Brown, as many as 50 percent of black and Latino households in San Francisco go without a bank account

This stat is hard to believe. Does anybody have a link to the actual study? Most national studies (like the FDIC one) put this number around 5%. My wife works in the restaurant industry, and most all of the illegal immigrants have bank accounts, smart phones, use direct deposit, etc.

[lukeschlather]

The FDIC puts the overall unbanked percentage at 6.5%, and "this number" (black and Latino households) at 15-20%. The 50% number is outdated but still, it's a sizable percentage.

[dustcoin]

According to the article, the data the city is using is from 2005. It is likely access has increased in the past 14 years.

[morningmoon]

The article doesn’t link to the study and I can’t find it. “As many as” could mean anywhere from 1 to 50%. Smells like deception, but I could be wrong.