The lawmakers wrote, in part: "Over 5 million households across the United States do not have a checking or savings account at a bank or credit union. These rates are particularly high among low-income households which cannot meet minimum balance requirements, as well as those who opt not to use these financial institutions due to trust or privacy concerns. As a result, these households are reliant on cash and paper checks. Overwhelmingly, older adults use cash and paper checks to conduct regular financial transactions. Hundreds of thousands of older and disabled adults frequently opt to receive government benefits, including earned benefits like Social Security, through paper checks. More than 120,000 veterans and survivors receive their disability compensation, survivor benefits, and other compensation through paper checks."