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.
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.