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Dr. Tom Miller Shares His Opinion on Why Some Americans May Choose to be "Unbanked"

6-27-14 - Access to a bank account is a liberty enjoyed by many Americans. People can freely choose whether to allocate the money necessary to have an account. If they don't want to pay - or cannot pay - the going price for having a bank account, they don't. It's that simple. This price gives zero weight to any demographic dimension. So, why are 40 million Americans currently unbanked?

Dr. Thomas W. Miller, Jr., professor of finance and Lee Chair of Financial Institutions and Consumer Finance, shares his opinion on why some Americans may choose to be "unbanked".

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