It's not like these people have no opportunities to invest money with other financial institutions as well, especially since in the context of racism, it is usually the big dinosaur banks that arrogantly decline their services to minority clients.
Can you name some examples of banks declining services to minorities? Or are you just blindly perpetuating the "much systemic racism everywhere" lie?
If I had to guess, banks would love black customers, as I imagine, on average, they're more likely to spend beyond their means, go into debt and pay interest and fees.
They probably already do recognize that, but everyone wants to talk about racism nowadays...
Yup, because it pays them. What are you gaining from being "color-blind"?
- People unbanked are mostly black people in The US. This is not true and they give the proof themselves.
Notice it depends on the actual income and not on the race. If you're poor, you have more chances to be unbanked, no matter what your race is.
Yes, the income is the most important factor, but looking at the "all income" stats, it shows disproportion by race as well. The question is why? Do they not have access to banking services? I doubt it.
