About American Consumer & Investor Institute
ACIl’s mission is to advocate on behalf of American consumers and investors for more choice and access to U.S. financial markets, products and services, including in the areas of consumer banking, securities and cryptocurrencies – all accompanied by robust financial education.
ACII believes that every American has the right to take part in our financial system to build a better future for themselves and their families.
While recent innovations and new technologies have expanded the number of Americans accessing and enjoying the benefits of the U.S. financial system, more can be done to further broaden access to important financial products and services.
- According to a 2021 FDIC survey, nearly 20% of the adult population in the U.S. remains underbanked or unbanked (with higher rates among lower-income, less-educated, and minority households), and a recent Gallup poll found that nearly half of Americans reported owning no stocks at all.
- The Fed also reports that the bottom 50% of households only hold 2.3% of total U.S. household wealth, while the top 1% of households hold over 1/3 of total U.S. household wealth.
- Gig workers, part-time workers, and entrepreneurs are often excluded from the traditional benefits of our financial system, such as employer-provided retirement plans.
- According to a 2021 FDIC survey, nearly 20% of the adult population in the U.S. remains underbanked or unbanked (with higher rates among lower-income, less-educated, and minority households), and a recent Gallup poll found that nearly half of Americans reported owning no stocks at all.
- The Fed also reports that the bottom 50% of households only hold 2.3% of total U.S. household wealth, while the top 1% of households hold over 1/3 of total U.S. household wealth.
- Gig workers, part-time workers, and entrepreneurs are often excluded from the traditional benefits of our financial system, such as employer-provided retirement plans.