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Government finances are in a perpetually sorry state. That's not news; everywhere you turn, you'll hear all about it.
But what doesn't grab many headlines is the crisis in Americans' personal finances – problems that make the Treasury seem tightly squared away in comparison.
There's the retirement crisis, where one in five American adults have nothing socked away for retirement. You've got the cash crisis, in which nearly 40% of American adults can't meet a surprise $400 expense, like a mid-range hot water heater repair or doctor bill.
And then there's the "un-banking crisis." A stunning 7 million homes in the United States don't use a bank for anything at all; 18% have "minimal interaction" with the banking system.
It's grim, no doubt, but it's a fairly easy problem to solve; however, it won't be a traditional banker type that does the solving.