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Unbanking  in NYC
  • Sarah Aita
Sarah Aita
New York University
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Abstract

The purpose of this project is to explore whether there is a correlation pattern between the number of banks and banking status, as well as to find the driving factors behind the banking status of New York City residents. The analysis concluded that there is a weak correlation between the availability of banks in a neighborhood and the ratio of unbanked households. The increase in the ratio of unbanked households is mainly related to two socio-economic features: poverty level and unemployment.