The type of credit used in the United States in 2021 varied by age. Respondents between the ages of 25 and 54 were the most frequent users of credit cards and bank personal loans. However, respondents of up to 24 years old reported using nonbank personal loans more frequently than any other age group. The share of respondents who used credit cards was 73.1 percent for respondents aged from 35 to 44 years.
Share of people who have used credit in the United States in 2021, by age group and type of credit
Characteristic
15 to 24 years
25 to 34 years
35 to 44 years
45 to 54 years
55 to 64 years
65 years and more
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FDIC. (November 14, 2022). Share of people who have used credit in the United States in 2021, by age group and type of credit [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1346073/use-of-credit-by-age-group-and-type-of-credit-usa/
FDIC. "Share of people who have used credit in the United States in 2021, by age group and type of credit." Chart. November 14, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1346073/use-of-credit-by-age-group-and-type-of-credit-usa/
FDIC. (2022). Share of people who have used credit in the United States in 2021, by age group and type of credit. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1346073/use-of-credit-by-age-group-and-type-of-credit-usa/
FDIC. "Share of People Who Have Used Credit in The United States in 2021, by Age Group and Type of Credit." Statista, Statista Inc., 14 Nov 2022, https://www.statista.com/statistics/1346073/use-of-credit-by-age-group-and-type-of-credit-usa/
FDIC, Share of people who have used credit in the United States in 2021, by age group and type of credit Statista, https://www.statista.com/statistics/1346073/use-of-credit-by-age-group-and-type-of-credit-usa/ (last visited July 22, 2024)
Share of people who have used credit in the United States in 2021, by age group and type of credit [Graph], FDIC, November 14, 2022. [Online]. Available: https://www.statista.com/statistics/1346073/use-of-credit-by-age-group-and-type-of-credit-usa/