Lunchtime Takeaway: A look at the “un-banked”

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

Today’s takeaway is…

A look at the “un-banked”

Worldwide, 2.5 billion people live without bank services, according to stats from the World Bank. The majority of those live in developing countries and earn less than $2 per day. More surprisingly, only 35% of city dwellers are likely to have bank accounts in developing countries, compared with 22% of their rural counterparts.

Want more? Check out: Who are the “un-banked”

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.