That percentage for checking accounts is extremely low, and suggests that half of homeowners don't have checking account, and only a third of car owners do. I

That percentage for checking accounts is extremely low, and suggests that half of homeowners don't have checking account, and only a third of car owners do. I cant reconcile how that large of a discrepancy is possible. Surely some people inherited houses or cars, or paid literal cash, but it cant be that many. edit: This FDIC report [0] from earlier this month suggests only 7% of households are "unbanked", meaning they dont have access to a bank account (doesn't specify what type). That number makes way more sense. [0] https://fdic.gov/news/news/speeches/spsep0816.html https://fdic.gov/news/news/speeches/spsep0816.html