Trends & Signals
By: SOPHIA MOWLANDEJAD
Explore the latest insights, thought leadership, and research from FCAT®
How Exclusion Affects Consumers Across the Financial Lifecycle
April 6, 2021
Part One of a series about Inclusive Financial ServicesFinancial exclusion is a reality for millions of Americans who don’t have access to useful and affordable financial products and services delivered in a responsible and sustainable way. The FDIC noted that the surge in joblessness caused by COVID exacerbated financial exclusion – there’s a direct correlation, for example, between being unemployed and being unbanked. But financial exclusion is about more than just being unbanked. It cuts across people’s entire financial lives, with millions facing barriers when they: