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They haven't paid on their pension obligation in years.
And Space X is furnishing orbital delivery cheaper than NASA ever did.
Ding ding ding
We have a winner
They haven't paid on their pension obligation in years.
And Space X is furnishing orbital delivery cheaper than NASA ever did.
I don't see how that's any better a solution for the unbanked/underbanked.
Do poor people in small rural communities have access to credit unions nearby?
They do if they have phones.
And since when did you start caring about small rural communities?
Wow. CC ing the football with a photo of the deaths of seven Americans.
They haven't paid on their pension obligation in years.
And Space X is furnishing orbital delivery cheaper than NASA ever did.
Explain how someone with only a land line in a rural community of 1,000 people might deposit a paycheck by phone.
My in-laws will be interested to hear that you think that, but I've never said it.And since when did you start caring about small rural communities? I thought they were all white supremacists?
Gee. Chump suddenly sensitive? Is what it is.
Yes, it is your ing the football with a photo of the deaths of seven Americans.
Great job.
Keep it classy!
Well, 95% of Americans already have cell phones. if you just narrow that to those receiving paychecks that can't get direct deposit it is probably a tiny percentage.
happened.Yes, it is your ing the football with a photo of the deaths of seven Americans.
Great job.
Keep it classy!
Sanctimonious much?
We should establish some real numbers instead of some hypothetical person in rural America that never goes to a neighboring town for groceries and doesn't have anything but a landline phone. That hypothetical person isn't reason to open up postal banks nationwide.
Just own your using the photo of American deaths to e the football.happened.
Sanctimonious much?
I posted a picture of the Challenger explosion.
First time you have seen it?
The link was from CNN.com
were they ing the football?
First time I've seen that photo of American deaths used to e the football in an argument about the Postal Service.
The results of the FDIC survey posted on page one of this thread did not satisfy your curiosity?
"Estimates from the 2017 survey indicate that 6.5 percent of households in the United States were unbanked in 2017. This proportion represents approximately 8.4 million households. An additional 18.7 percent of U.S. households (24.2 million) were underbanked, meaning that the household had a checking or savings account but also obtained financial products and services outside of the banking system."
https://www.fdic.gov/householdsurvey/
Just in case you had no clue what "underbanked" mean't. By the way I've known people that are unbanked that lived by both banks and credit unions. Let's not act like the entirety of these people live in the woods without access. So based off that the only real reason for the government banks is because they are offering "financial products and services outside of the banking system". What are they? Loans, I suppose. Why isn't this something being fulfilled by non-profit credit unions? Too much risk? Why wouldn't the government work through credit unions?
No. There are numerous people that are unbanked that have plenty of options.
I have 2 guys that work for me that take their paychecks directly to my bank and cash them for cash and that's all they use. They may be "unbanked" but they seem to be doing fine.
Btw based on your numbers from 2011 and my newer numbers from 2017 about 3% more americans have got out of the "unbanked/underbanked" classification. Pretty good progress.
Name the options.
banks and credit unions
It's not "opening up postal banks," it's providing already established Post Offices with banking services. How is a former Bernie Bro so reflexively opposed to this? Is it just because AOC's name is attached to it?
No, but it's worth keeping a national post office system to ensure mail delivery to places where it's unprofitable too.
Certainly not my way to roll but it's not that hard.
Cash paychecks at bank of origin or check cashing location.
Pay everything in cash. Don't buy it if you don't have the cash.
Pay bills that absolutely have to be mailed with money orders.
Only 77% own smartphones. A non-smart cellphone is basically a landline when it comes to banking.
And there are still a substantial number of businesses that don't offer direct deposit of them... most of them small businesses.
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