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'Underbanked' households more likely to own crypto, FDIC report says

The report from the U.S. Federal Deposit Insurance Corporation also showed that one in eight shoppers using buy-now-pay-later (BNPL) services had made a payment late or missed it on at least one purchase. The findings are contained in the latest periodic survey of "underbanked" and "unbanked" households: those with little or no access to traditional banking. The FDIC surveyed 30,000 households in June 2023 as part of a series of surveys begun in the wake of the global financial crisis that began in 2007.