Current Population Survey, January 2009: Unbanked/Underbanked Supplement

This data collection is comprised of responses from two sets of survey questionnaires, the basic Current Population Survey (CPS) and a survey administered as a supplement to the January 2009 CPS questionnaire on the topic of Unbanked and Underbanked Households. This is the first time this particular supplement was administered.The CPS, administered monthly, collects labor force data about the civilian noninstitutionalized population living in the United States. Moreover, the CPS provides current estimates of the economic status and activities of this population which includes estimates of total employment (both farm and nonfarm), nonfarm self-employed persons, domestics, and unpaid helpers in nonfarm family enterprises, wage and salaried employees, and estimates of total unemployment. Data from the CPS are provided for the week prior to the administration of the survey. The Federal Deposit Insurance Corporation (FDIC) sponsored the supplement survey as part of its efforts to bring unbanked and underbanked consumers into the economic mainstream. The FDIC plans to use the results to better inform policy-making on issues related to economic inclusion. The supplement questions were asked of all interviewed households, as appropriate. Respondents were queried on their households banking status, use of financial services, and use of alternative financial services like payday lending. The Unbanked/Underbanked supplement was conducted at the household level.Demographic variables include age, sex, race, Hispanic origin, marital status, veteran status, educational background, occupation, industry, and income.