In 2021, there was a correlation between income level and the usage of personal loans in the United States. Nearly 11 percent of the population with an income of 75,000 U.S. dollars or more had used personal bank loans in the past year. Other nonbank types of credit, such as payday loans or rent-to-own services, were mostly used by low-income groups.
Share of people who have used credit in the United States in 2021, by income level and type of credit
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FDIC. (November 14, 2022). Share of people who have used credit in the United States in 2021, by income level and type of credit [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1311301/use-of-credit-us-by-type-of-credit-and-income/
FDIC. "Share of people who have used credit in the United States in 2021, by income level and type of credit." Chart. November 14, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1311301/use-of-credit-us-by-type-of-credit-and-income/
FDIC. (2022). Share of people who have used credit in the United States in 2021, by income level and type of credit. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1311301/use-of-credit-us-by-type-of-credit-and-income/
FDIC. "Share of People Who Have Used Credit in The United States in 2021, by Income Level and Type of Credit." Statista, Statista Inc., 14 Nov 2022, https://www.statista.com/statistics/1311301/use-of-credit-us-by-type-of-credit-and-income/
FDIC, Share of people who have used credit in the United States in 2021, by income level and type of credit Statista, https://www.statista.com/statistics/1311301/use-of-credit-us-by-type-of-credit-and-income/ (last visited November 21, 2024)
Share of people who have used credit in the United States in 2021, by income level and type of credit [Graph], FDIC, November 14, 2022. [Online]. Available: https://www.statista.com/statistics/1311301/use-of-credit-us-by-type-of-credit-and-income/
