nearly 24% of all households are classified as living paycheck to paycheck this year…That share is slightly higher than last year…
nearly 24% of all households are classified as living paycheck to paycheck this year…That share is slightly higher than last year…
“And we know because we’re making a killing on fees on these low-no-negative balance accounts, not to mention their credit card debt.”
This right here. BofA made over a billion in overdraft/NSF fees. Keeping poor people poor.
Was unfortunate to work as a teller for them after college in a college town no less. The number of customers that came in with an overdrawn account, especially students, was astounding. We always had to explain that they took the largest payment first since it was deemed “most important”, but it was a way to incur the most amount of overdraft fees.