https://blue.feedland.org/?river=http://data.feedland.org/blue/feeds/bwilker.xml Sun, 05 Nov 2023 18:44:51 GMT feedland v0.5.59 https://cyber.harvard.edu/rss/rss.html Sun, 05 Nov 2023 18:44:51 GMT bwilker Sun, November 5, 2023 1:44 PM EST <p>Mike Johnson&#39;s financial disclosure have made me wonder how common it is for someone who makes at least $174k (the salary of US House members) don&#39;t have a bank account. This 2021 FDIC study reports it is unusual. <a href="https://www.fdic.gov/analysis/household-survey/index.html">https://www.fdic.gov/analysis/household-survey/index.html</a> The FDIC says 2.7% of households making $75k or more are unbanked. For white households above 75K, it is 0.3%. Aside from lack of money, the most common reasons for not having a bank account are a lack of faith in the banking system and a desire for privacy. </p> <p>The federal government generally requires direct deposit, typically a bank account. (Maybe members are exempt from this?) He does report mortgages. It is tough to get a mortgage without bank statements. This is really strange. </p> <p>Does anyone know of any likely explanations? Johnson said again this weekend he doesn&#39;t have a bank account. He is a person of modest means?</p> Sun, 05 Nov 2023 18:44:51 GMT https://blue.feedland.org/?item=179641 https://blue.feedland.org/?item=179641 Mike Johnson's financial disclosure have made me wonder how common it is for someone who makes at least $174k (the salary of US House members) don't have a bank account. This 2021 FDIC study reports it is unusual. https://www.fdic.gov/analysis/household-survey/index.html The FDIC says 2.7% of households making $75k or more are unbanked. For white households above 75K, it is 0.3%. Aside from lack of money, the most common reasons for not having a bank account are a lack of faith in the banking system and a desire for privacy. The federal government generally requires direct deposit, typically a bank account. (Maybe members are exempt from this?) He does report mortgages. It is tough to get a mortgage without bank statements. This is really strange. Does anyone know of any likely explanations? Johnson said again this weekend he doesn't have a bank account. He is a person of modest means? Sun, 05 Nov 2023 18:26:00 GMT https://blue.feedland.org/?item=179625 https://blue.feedland.org/?item=179625 Sun, 05 Nov 2023 18:26:00 GMT https://blue.feedland.org/?item=179626 https://blue.feedland.org/?item=179626