Some Minorities Lag in Checking Accounts, Retirement Plans
CHICAGO -- There continues to be a gap in financial services particularly with checking accounts and Hispanics and investments with African-Americans, according to a Synovate survey.
By Michelle A. Samaad |
Updated on October 10, 2008
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CHICAGO — There continues to be a gap in financial services particularly with checking accounts and Hispanics and investments with African-Americans, according to a Synovate survey.
Even though the percentage of Hispanics with any type of bank account is up from 70% in 2004 to 77% in 2008, the increase is still low when compared to African-Americans and white consumers, both of which are at least 90%, the data showed.
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