Why Banks Are Suddenly Closing Down Customer Accounts

Re:Why Banks Are Suddenly Closing Down Customer Accounts by WalterBright on Sunday November 05, 2023 @10:03PM (#38158306)

Take a look at a graph of the US poverty rate over the years. It went down until around 1968, where it bottomed out and started going back up.

What happened in 1968? Johnson's Great Society program.

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Re:Why Banks Are Suddenly Closing Down Customer Accounts by Gibbon1 on Sunday November 05, 2023 @10:05PM (#38158328)

One can look at a graph of US oil imports over time and see something more reasonable.

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Re:Why Banks Are Suddenly Closing Down Customer Accounts by refurb on Sunday November 05, 2023 @10:54PM (#38158654)

Census bureau poverty rate is before social benefits.

It’s much lower after adjusting for social benefits.

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Re:Why Banks Are Suddenly Closing Down Customer Accounts by WalterBright on Sunday November 05, 2023 @11:09PM (#38158737)

> is before social benefits

Right, and it stopped going down.

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Re:Why Banks Are Suddenly Closing Down Customer Accounts by refurb on Monday November 06, 2023 @12:24AM (#38159177)

From the data I’ve seen the poverty rate has trended down since the 60’s

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Re:Why Banks Are Suddenly Closing Down Customer Accounts by WalterBright on Monday November 06, 2023 @12:41AM (#38159281)

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Re:Why Banks Are Suddenly Closing Down Customer Accounts by refurb on Monday November 06, 2023 @08:31PM (#38171951)

Exactly. Page 11. Poverty rates are lower now than in 1964.

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