One-third of bank tellers rely on public assistance
Willie Sutton allegedly said he robbed banks because ?that?s where the money is.? But for today?s bank tellers, that remark could appear as a cynical jibe given that one-third are on government aid due to low wages.
Taxpayers spend $899 million annually in state and federal benefits to support bank tellers and their families, according to a new report from The Committee for Better Banks.
One-third of bank tellers receive some sort of public assistance, ranging from Medicaid to food stamps, the financial industry employee advocacy group found, citing research from the University of California-Berkeley Center for Labor Research and Education. In New York state, almost 40 percent of bank tellers and their family members are enrolled in public assistance programs, costing the state and federal governments $112 million in benefits...
