Bad Habits are Hard to Break

Why do Americans keep their money in Big Banks despite repeated abuse?

Andy Spears
3 min readDec 22, 2022

--

Photo by Jack Cohen on Unsplash

A recent story in the Wall Street Journal reminded me that Americans have an uneasy relationship with Big Banks.

The five largest banks — Bank of America, Citigroup, JPMorgan Chase, US Bank, and Wells Fargo — control roughly half of all money in deposit accounts in U.S…

--

--

Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .