In 2021, there was a correlation between education level and usage of credit cards and personal loans in the United States. As the education level of respondents increased, the usage of credit cards and personal loans also increased. Other nonbank types of credit, such as payday loans or rent-to-own services, were used more frequently by respondents with lower education levels.
Share of people who have used credit in the United States in 2021, by education 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 education level and type of credit [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1346056/use-of-credit-by-education-level-and-type-of-credit-usa/
FDIC. "Share of people who have used credit in the United States in 2021, by education level and type of credit." Chart. November 14, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1346056/use-of-credit-by-education-level-and-type-of-credit-usa/
FDIC. (2022). Share of people who have used credit in the United States in 2021, by education level and type of credit. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1346056/use-of-credit-by-education-level-and-type-of-credit-usa/
FDIC. "Share of People Who Have Used Credit in The United States in 2021, by Education Level and Type of Credit." Statista, Statista Inc., 14 Nov 2022, https://www.statista.com/statistics/1346056/use-of-credit-by-education-level-and-type-of-credit-usa/
FDIC, Share of people who have used credit in the United States in 2021, by education level and type of credit Statista, https://www.statista.com/statistics/1346056/use-of-credit-by-education-level-and-type-of-credit-usa/ (last visited December 21, 2024)
Share of people who have used credit in the United States in 2021, by education level and type of credit [Graph], FDIC, November 14, 2022. [Online]. Available: https://www.statista.com/statistics/1346056/use-of-credit-by-education-level-and-type-of-credit-usa/
