The use of prepaid debit cards in the United States in 2013, 2015, 2017 and 2019 can be categorized by household ethnicity. 7.8 percent of the Hispanic family households in the United States used prepaid debit cards in 2019, whereas 14.8 percent of black households did so in that same year. Over time, black households have seen the largest share in using prepaid debit cards. In particular 15 to 24 year-olds use a prepaid debit card.
Use of prepaid debit card use by households in the United States from 2013 to 2019, by ethnicity
Unbanked households are those without an account at an insured institution. Underbanked households have an account at an insured institution, but have also obtained financial services and products from non-bank, alternative financial services (AFS) providers in the last 12 months. Households which used prepaid card in the previous 12 months.
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FDIC. (October 19, 2020). Use of prepaid debit card use by households in the United States from 2013 to 2019, by ethnicity [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/416298/prepaid-debit-card-use-usa-households-by-ethnicity/
FDIC. "Use of prepaid debit card use by households in the United States from 2013 to 2019, by ethnicity." Chart. October 19, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/416298/prepaid-debit-card-use-usa-households-by-ethnicity/
FDIC. (2020). Use of prepaid debit card use by households in the United States from 2013 to 2019, by ethnicity. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/416298/prepaid-debit-card-use-usa-households-by-ethnicity/
FDIC. "Use of Prepaid Debit Card Use by Households in The United States from 2013 to 2019, by Ethnicity." Statista, Statista Inc., 19 Oct 2020, https://www.statista.com/statistics/416298/prepaid-debit-card-use-usa-households-by-ethnicity/
FDIC, Use of prepaid debit card use by households in the United States from 2013 to 2019, by ethnicity Statista, https://www.statista.com/statistics/416298/prepaid-debit-card-use-usa-households-by-ethnicity/ (last visited November 21, 2024)
Use of prepaid debit card use by households in the United States from 2013 to 2019, by ethnicity [Graph], FDIC, October 19, 2020. [Online]. Available: https://www.statista.com/statistics/416298/prepaid-debit-card-use-usa-households-by-ethnicity/
