Q14b: Are bankruptcies on credit reports?

Demographic and experience categories Yes No Do not know
All respondents 86.8 ( 0.9) 3.1 ( 0.4) 10.1 ( 0.9)
AGE GROUP      
18 to 24 79.9 ( 4.2) 5.3 ( 2.0) 14.8 ( 3.9)
25 to 34 89.1 ( 2.0) 1.9 ( 0.7) 9.0 ( 1.9)
35 to 44 90.5 ( 1.9) 2.0 ( 0.7) 7.5 ( 1.8)
45 to 54 90.3 ( 1.7) 3.6 ( 1.1) 6.1 ( 1.3)
55 to 64 89.7 ( 2.0) 2.3 ( 0.8) 7.9 ( 1.9)
65 and older 80.8 ( 2.4) 3.1 ( 1.0) 16.1 ( 2.3)
INCOME      
Less than $25000 78.9 ( 1.8) 6.0 ( 1.0) 15.1 ( 1.6)
$25000 to $49999 88.1 ( 2.1) 3.0 ( 1.0) 8.8 ( 1.9)
$50000 to $74999 94.1 ( 1.6) 0.7 ( 0.4) 5.2 ( 1.5)
$75000+ 92.4 ( 1.8) 1.2 ( 0.7) 6.4 ( 1.7)
EDUCATION      
Less than high school 61.4 ( 3.5) 11.4 ( 2.3) 27.2 ( 3.2)
High school 86.6 ( 1.7) 3.3 ( 0.8) 10.1 ( 1.6)
Some post-secondary education 90.3 ( 1.8) 2.1 ( 0.8) 7.6 ( 1.6)
BA or more 92.7 ( 1.4) 0.7 ( 0.4) 6.6 ( 1.4)
ETHNICITY      
White 90.4 ( 1.1) 1.0 ( 0.3) 8.6 ( 1.1)
Black 86.6 ( 2.1) 4.8 ( 1.4) 8.6 ( 1.6)
Hispanic 69.3 ( 2.8) 12.1 ( 2.1) 18.6 ( 2.3)
Other 86.6 ( 4.1) 3.1 ( 2.1) 10.3 ( 3.6)
SEX      
Male 88.7 ( 1.5) 3.0 ( 0.7) 8.3 ( 1.4)
Female 85.1 ( 1.2) 3.2 ( 0.5) 11.7 ( 1.1)
EMPLOYMENT STATUS      
Actively employed (FT or PT) 91.6 ( 1.0) 2.3 ( 0.5) 6.1 ( 0.9)
Student 82.1 ( 5.7) 4.9 ( 3.6) 13.0 ( 4.7)
Not employed (homemaker, retired, unemployed) 79.0 ( 1.9) 4.2 ( 0.8) 16.8 ( 1.8)
Other 82.6 ( 5.6) 3.2 ( 1.9) 14.2 ( 5.5)
GEOGRAPHIC RESIDENCE      
Resident of a free report state (CO, GA, ME, MD, MA, NJ, VT) 86.6 ( 2.3) 4.0 ( 1.3) 9.3 ( 2.0)
Resident of another state 86.8 ( 1.0) 2.9 ( 0.5) 10.2 ( 0.9)
FINANCIAL AND CREDIT REPORT EXPERIENCE      
Obtained a credit report 92.2 ( 1.0) 1.5 ( 0.4) 6.3 ( 1.0)
Did not obtain a credit report 79.5 ( 1.7) 5.2 ( 0.9) 15.3 ( 1.5)
       
Obtained credit score 94.9 ( 1.0) 0.8 ( 0.4) 4.3 ( 0.9)
Did not obtain credit score 82.9 ( 1.3) 4.2 ( 0.6) 12.9 ( 1.2)
       
Disputed information on credit report 94.4 ( 1.7) 0.7 ( 0.4) 4.9 ( 1.6)
Did not dispute credit report information 85.2 ( 1.1) 3.6 ( 0.5) 11.2 ( 1.0)
       
Had an auto or mortgage loan 90.9 ( 0.9) 2.1 ( 0.4) 7.0 ( 0.8)
Did not have an auto or mortgage loan 73.2 ( 2.6) 6.5 ( 1.3) 20.3 ( 2.4)
       
Was a victim of identity theft 92.3 ( 2.0) 1.7 ( 0.9) 6.0 ( 1.8)
Was not a victim of identity theft 86.2 ( 1.0) 3.2 ( 0.5) 10.5 ( 0.9)
       
Obtained credit report due to an adverse action 84.7 ( 4.7) 1.4 ( 0.8) 13.9 ( 4.6)
Did not obtain credit report due to an adverse action 87.0 ( 0.9) 3.2 ( 0.5) 9.8 ( 0.8)

Percent estimates totaling 100% within each demographic and experience category, with standard errors in parentheses
 
GAO-05-411SP Credit Reporting Literacy Survey Data
Full Report: GAO-05-223