The average underbanked family makes about $25,000 a year and it spends about $2,400 a year just on interest and fees for basic financial services.
Elizabeth Warren: “The average underbanked family makes about $25,000 a year and it spends about $2,400 a year just on interest and fees…”
Editor's note · Context
Warren emphasizes the financial burden on underbanked families due to high fees.
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