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When People Say They ‘Lack the Money to be Banked’ – Here’s What They Mean

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“I don’t have enough money.”

This response surfaces as the most common answer in surveys designed to uncover barriers to formal financial access. In the most recent World Bank Global Financial Inclusion Index (Findex) surveys around the world, the litmus test of financial inclusion, 59 percent of unbanked adults cited this as a reason for not being banked, surpassing all others. The response seems innocuous enough. But what happens when you dig a bit deeper?

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When People Say They ‘Lack the Money to be Banked’ – Here’s What They Mean

Source: Next Billion

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