Banking the Unbanked: Connecting Residents of Social Housing to the Financial Mainstream

Publication Date

September 2003

Author(s)

Michael A. Stegman

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A decision to save taxpayer money by delivering government benefits electronically could help bring low-income people into the financial mainstream.

Michael A. Stegman writes a chapter for Housing and Social Change: East-West Perspectives that traces the rise of financial institutions in the United States and abroad to discuss how a decision designed to save the taxpayer money by delivering government benefits electronically has the potential to improve people’s lives by helping them open a bank account and bringing them into the financial mainstream.