Insurance and Unbanked? We shall see.

I found several recent articles that signal when the health care changes go into effect next year with the inevitable rise in people having insurance, a new challenge may arise for unbanked citizens. There are, as of 2011, 1 in 12 American households that are unbanked, (referring to people who do not have a formal relationship with a traditional financial institution like a bank or credit union), almost 10 million in total. There are many reasons households (including the over 28.2% that earn less than $15,000 a year) choose not to have a bank account, but some of the biggest reasons they don’t is because either 1)they don’t think they have enough money to warrant one, or 2)they just plain don’t want one.



An ounce of prevention is worth a three minute bout.

When I heard about the health care package that goes into effect in ’14, I didn’t understand all of it (I still don’t, and really, who does?), but what I did understand, I was okay with.  Mostly,