It’s estimated that about 8.2 percent of US households don’t use bank accounts. Not only that — 20.1 percent of households are considered “underbanked,” meaning they use bank accounts but still opt for payday loans, check-cashing services and other alternatives. This is according to a recent survey by the Federal Deposit Insurance Corporation.
So why aren’t people using banks? Ross Reynolds talks to some of the un- and underbanked.
Halfway through the enrollment season for Washington's Guaranteed Tuition Savings program, the number of new enrollments is lagging compared to the last two years. Consumer confidence in the program is slipping, at least for now, even as state lawmakers express their concerns about the $600 million shortfall in the program.
WashPIRG, a division of the Public Interest Research Group, gave Seattle an overall score of 78/100, which put us at 12th place out of the 30 major cities that were surveyed. So what exactly are we doing wrong? Ross talks with WashPIRG spokesperson Micaela Preskill to get a more detailed performance review.
What can physics teach us about finance? A great deal according to physicist and mathematician James Owen Weatherall. He says markets can be understood, and to a degree even predicted, by using principles of physics. Ross Reynolds talks to professor Weatherall about what physics can teach us about Wall Street.