U.S. Financial Diaries: Mike Smith, a single man in his mid-50s, lives in a two-bedroom, one-bathroom house in Kentucky, in a small town near the Ohio River.

There is no one-size-fits-all credit product. Credit products are important tools for consumers’ financial management, but they need to be matched with the needs of the consumer.

AARP Foundation understands that many older people do not necessarily have access to affordable and reliable financial services.

Increasingly, underserved Americans are turning to prepaid cards to meet their basic financial services needs.

More than 600 participants gathered at the Sixth Annual Underbanked Financial Services Forum to discuss the future of the marketplace for the underbanked.

Almost one-third of the 30 million U.S. households who are unbanked or underbanked borrow to pay for small-dollar, short-term needs.

Low-wage immigrants are a particularly hard-to-reach segment of the underbanked population.

Learn how customers, borrowers, and firms feel about the perceived and actual costs and benefits of full-file credit reporting by nonfinancial service providers, such as utilities.