Usage of credit in the U.S. 2021, by race and type of credit

Published by
Fernando de Querol Cumbrera,
Jun 12, 2024
In 2021, the usage of credit in the United States differed among ethnicities. Credit cards were the most popular type of credit used by respondents of all races. The share of Asian and White respondents using credit cards was higher compared to other groups. Meanwhile, American or Alaska Natives had the highest usage of personal bank loans.

Share of people who have used credit in the United States in 2021, by race and type of credit

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Release date

November 2022

Region

United States

Survey time period

June 2021

Number of respondents

44,524 households

Age group

15 years and older

Special properties

Usage of credit in the past 12 months

Supplementary notes

*The category other credit includes: rent-to-own service or payday, pawn shops, tax refund anticipation, and auto title loans.

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Statistics on " Bank loans in the United States "

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Bank loans in the United StatesCredit cards in the United StatesCar financing and leasing in the U.S.Mortgage industry in the U.S.Consumer lending in the UK
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