Federal Reserve reports that 39% of people don't have enough to cover a $400 emergency.
54% of all Americans surveyed are living paycheck to paycheck.
70% of adults say they are struggling to make ends meet every month.
In the richest country in the world 100 million Americans live at or near the official poverty line.
2022 America is experiencing the highest inflation rate in 40 years.
Tens of millions of members of the "community of those who have less" have been abandoned by the US banking system.
Bank Profits in 2021 (Washington Post)
Revenue for Credit Card Companies in 2021.
Banks that ignore 100 million Americans
Bank customers do not share in those profits
Typical rewards program offers 1-2% cash back
The "underbanked" are left to paycheck lenders and other banking sharks
The underbanked spend a trillion dollars a year. Ignored by the banking system. Targeted by the sharks. This is the community TranzactCard was built to serve.