Increase Access to Banks

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Well Being In the Nation Network

People of color and communities that are low-income often have fewer banks than communities with more white people. This means it costs residents of these communities more to spend their money. They might not be able to get a loan to start a business or further their education or they might pay more to get a loan. It can be harder for these residents to build savings or credit or to buy a home.

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Advancing Equitable Economies Policy Library
Published on 04/20/2021