mobile banking usage among different ethnicities, it can be seen that all non-white families reported a higher usage of mobile banking compared to white families.
According to a survey carried out in October 2022, the share of white adult respondents who had bank account in 2022 was 97 percent, two percent higher than in 2015. The share of banked Hispanic and Black households grew by 4 percent in the observed period, while the share of banked Asian households remained the same. Although the ethnicity with the highest bank account penetration was white, mobile banking penetration showed the opposite trend in 2021. When looking at Share of adults with bank account in the United States from 2015 to 2022, by ethnicity
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Federal Reserve. (May 22, 2023). Share of adults with bank account in the United States from 2015 to 2022, by ethnicity [Graph]. In Statista. Retrieved June 02, 2024, from https://www.statista.com/statistics/1386874/us-adults-with-bank-accounts-by-ethnicity/
Federal Reserve. "Share of adults with bank account in the United States from 2015 to 2022, by ethnicity." Chart. May 22, 2023. Statista. Accessed June 02, 2024. https://www.statista.com/statistics/1386874/us-adults-with-bank-accounts-by-ethnicity/
Federal Reserve. (2023). Share of adults with bank account in the United States from 2015 to 2022, by ethnicity. Statista. Statista Inc.. Accessed: June 02, 2024. https://www.statista.com/statistics/1386874/us-adults-with-bank-accounts-by-ethnicity/
Federal Reserve. "Share of Adults with Bank Account in The United States from 2015 to 2022, by Ethnicity." Statista, Statista Inc., 22 May 2023, https://www.statista.com/statistics/1386874/us-adults-with-bank-accounts-by-ethnicity/
Federal Reserve, Share of adults with bank account in the United States from 2015 to 2022, by ethnicity Statista, https://www.statista.com/statistics/1386874/us-adults-with-bank-accounts-by-ethnicity/ (last visited June 02, 2024)
Share of adults with bank account in the United States from 2015 to 2022, by ethnicity [Graph], Federal Reserve, May 22, 2023. [Online]. Available: https://www.statista.com/statistics/1386874/us-adults-with-bank-accounts-by-ethnicity/