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Board of Governors of the Federal Reserve System

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Survey of Household Economics and Decisionmaking

Adults who have a bank account

Percent

Year	All adults
2015	92
2016	93
2017	94
2018	93
2019	94
2020	94
2021	94
2022	94
2023	94

Note: Among all adults. Includes people whose spouse or partner has a bank account.

Adults who have a bank account, by education

Percent

Characteristics	2015	2016	2017	2018	2019	2020	2021	2022	2023
Less than a high school degree	75	73	83	75	76	74	76	75	74
High school degree or GED	89	90	92	90	91	91	90	90	89
Some college or associate degree	93	94	94	94	95	96	95	95	95
Bachelor's degree or more	99	99	98	98	99	99	99	99	99

Note: Among all adults. Includes people whose spouse or partner has a bank account.

Adults who have a bank account, by race/ethnicity

Percent

Characteristics	2015	2016	2017	2018	2019	2020	2021	2022	2023
Asian	95	97	95	97	98	97	98	95	96
Black	83	87	88	85	86	87	87	87	86
Hispanic	86	88	89	89	90	91	89	90	89
White	95	94	97	96	97	97	97	97	96

Note: Among all adults. Includes people whose spouse or partner has a bank account.

Adults who have a bank account, by age

Percent

Characteristics	2015	2016	2017	2018	2019	2020	2021	2022	2023
18-29	87	88	89	90	92	92	92	90	89
30-44	91	92	93	91	91	92	92	92	91
45-59	93	93	96	94	95	96	94	95	95
60+	96	96	98	97	98	98	98	98	98

Note: Among all adults. Includes people whose spouse or partner has a bank account.

Adults who have a bank account, by metro/non-metro status

Percent

Characteristic	2015	2016	2017	2018	2019	2020	2021	2022	2023
Non-Metro	90	90	93	91	94	92	93	93	92
Metro	92	93	95	94	94	95	94	94	94

Note: Among all adults. Includes people whose spouse or partner has a bank account.

Adults who have a bank account, by parental status

Percent

Characteristics	2015	2016	2017	2018	2019	2020	2021	2022	2023
Parents living with own children under age 18	90	92	92	92	92	93	93	93	91
All other adults	93	93	95	94	95	95	95	94	94

Note: Among all adults. Includes people whose spouse or partner has a bank account.

Data visualization disclaimer

Last Update: May 21, 2024