category

Coronavirus

FDIC survey finds record number of American households obtained a bank account in 2019

The FDIC noted that the decline by nearly half in unbanked households between 2017 and 2019 was associated with improvements in household's socioeconomic circumstances, including higher annual income, lower monthly income volatility, low unemployment and higher rates of home ownership status and educational attainment that came as a result of a strong economy. 

Airlines plan for prolonged coronavirus travel drought

U.S. airlines expect it will be years before their business recovers from the coronavirus pandemic, even after pulling together over $100 billion by tapping government aid and mortgaging assets including planes and frequent-flier programs.