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2013 Financially Underserved Market Size

Authors
Eva Wolkowitz

This report reveals that American consumers spent $103 billion in fees and interest revenue in 2013, generated from a volume of $1.3 trillion in financial activity. Tweet: #Underserved consumers spent $103b in 2013 to borrow, spend, save & plan. Read @CFSInnovation's new report http://ctt.ec/8fR52+ #FinHealth

Findings indicate a continually growing marketplace that expanded 7.1% during 2013, demonstrating significant market opportunities for financial institutions and investors that aim to develop high-quality, affordable solutions to address the financial health of underserved consumers. The market is projected to grow by 4.6% from 2013 to 2014 reaching total revenue of $107 billion.

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