South Floridians are most ‘underbanked’ in the U.S. - Business - MiamiHerald.com: "Miami is the poster child for that demographic, ranking as the city with the highest percentage of unbanked households — 20.1 percent, without savings or checking accounts — among all large U.S. cities, according to data from the Federal Deposit Insurance Corp., and compiled in a report from the Corporation for Enterprise Development. Miami also ranks high — at 21.4 percent — among the underbanked, meaning those who have an account but continue to rely on alternative financial service providers like check-cashing services or payday loans."
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