The infographic, US Alternative Financial Service Industry Statistics, examines some of the common products, why American household participate in the AFS industry, the annual transaction volume within the industry and reasons why households need credit from AFS products. Some key stats from the infographic:
- 10 million US households do not have a bank account
- 28.3% of US households are either unbanked or under banked
- 25% of US households have used at least one form of an alternative financial service
- 12% of US households have used one of the AFS products in the past 30 days
Alternative Financial Service Industry Statistics
Infographic Source: Credit Examiner
