US banks are imposing stomach-churning and often hidden fees — some with gargantuan, five-digit interest rates — that force as many as 25 million poorer millennials and Gen Xers to go unbanked, according to the latest studies.
“Millennials are a large portion of the group now being pushed out of the system, along with other lower-income people who are economically distressed,” Alex Tabb, chief operating officer of Tabb Group, a financial markets research firm, told The Post. “It just so happens that more millennials are in the lower-income group today.”
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