A new report finds that non-English speakers in the United States are at a significant disadvantage when it comes to managing personal finances and acquiring financial literacy—and often fall victim to bad financial habits and practices as a result.

Financial documents are available almost exclusively in English, and educational materials and services are often available only in English. A lack of familiarity with the U.S. financial system and other social and cultural differences also contribute to a poor understanding of sound personal financial habits.

Instead, the report finds that non-English speakers are unbanked at higher levels than other Americans and are more likely to resort to payday lending and check-cashing services.

The report was produced by the Government Accountability Office, and was based on a literature review, as well as contributions from relevant federal, non-profit, and private organizations, and consumers.

Several contributing organizations stated that financial education could be used to improve financial literacy and habits.

The full report may be found here.