I’m not sure where the tweet is getting it’s figures.
For context though I did find this article on Motley Fool
In 2025, 12% of Americans paid an overdraft fee. Those charges, which cost $35 per incident on average, can quickly snowball into financial stress. Even as some banks eliminate overdraft fees, revenue from those and similar fees was nearly $6 billion in 2023
**Low-income earners drive overdraft fees:**23% of those earning less than $25,000 and 20% of those earning $25,000 to $49,999 were hit with an overdraft fee, compared to 6% of those earning $150,000 or more
So some quick math.
The census bureau put the US population at 336,815,549 in 2023.
12% of that is roughly 40M people who paid about $6B.
$6B / 40M gives an average overdraft fee of $150. Where 43% of those having to pay earned less than $50k per year.
So the numbers in the tweet dont quite match up to what I found, but the overall sentiment of banks making a lot of money from poor people not having money seems to roughly pan out.
That doesnt seem like that much given the population and its an entire year.
I’m not sure where the tweet is getting it’s figures.
For context though I did find this article on Motley Fool
So some quick math.
The census bureau put the US population at 336,815,549 in 2023.
12% of that is roughly 40M people who paid about $6B.
$6B / 40M gives an average overdraft fee of $150. Where 43% of those having to pay earned less than $50k per year.
So the numbers in the tweet dont quite match up to what I found, but the overall sentiment of banks making a lot of money from poor people not having money seems to roughly pan out.