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The Editors

Postal Banking in the U.S.? It’s Not as Unlikely as It Sounds

The right kind of arrangement would help the USPS as well as millions of unbanked Americans.

Would you like a loan with that?

Would you like a loan with that?

Photographer: Evans/Three Lions/Getty Images

Should U.S. post offices also be banks? Lately, a group of legislators including Bernie Sanders and Alexandria Ocasio-Cortez has been championing the idea as a way to address economic inequality.

It might seem far-fetched, given how the postal service has been struggling recently to even deliver the mail. But the idea shouldn’t be dismissed.