Q56a: Have you ever had a checking account?

Demographic and experience categories Yes No Do not know Refused
All respondents 91.0 ( 0.7) 7.5 ( 0.7) 0.4 ( 0.1) 1.1 ( 0.3)
AGE GROUP        
18 to 24 75.7 ( 3.9) 23.9 ( 3.9) 0.4 ( 0.4) 0.0 ( 0.0)
25 to 34 92.6 ( 1.4) 7.2 ( 1.4) 0.0 ( 0.0) 0.2 ( 0.2)
35 to 44 96.0 ( 1.0) 4.0 ( 1.0) 0.0 ( 0.0) 0.0 ( 0.0)
45 to 54 94.0 ( 1.2) 5.3 ( 1.1) 0.0 ( 0.0) 0.7 ( 0.6)
55 to 64 94.6 ( 1.4) 5.1 ( 1.3) 0.0 ( 0.0) 0.3 ( 0.3)
65 and older 94.3 ( 1.1) 4.2 ( 1.0) 0.9 ( 0.5) 0.5 ( 0.4)
INCOME        
Less than $25000 80.1 ( 1.8) 17.7 ( 1.8) 0.9 ( 0.4) 1.3 ( 0.5)
$25000 to $49999 93.3 ( 1.4) 6.3 ( 1.4) 0.0 ( 0.0) 0.4 ( 0.4)
$50000 to $74999 98.7 ( 0.6) 1.3 ( 0.6) 0.0 ( 0.0) 0.0 ( 0.0)
$75000+ 98.3 ( 0.8) 1.7 ( 0.8) 0.0 ( 0.0) 0.0 ( 0.0)
EDUCATION        
Less than high school 61.0 ( 3.6) 35.4 ( 3.6) 2.0 ( 0.9) 1.6 ( 0.8)
High school 90.4 ( 1.4) 8.3 ( 1.3) 0.5 ( 0.3) 0.8 ( 0.4)
Some post-secondary education 95.1 ( 1.0) 3.6 ( 0.9) 0.0 ( 0.0) 1.3 ( 0.5)
BA or more 98.2 ( 0.6) 1.0 ( 0.4) 0.0 ( 0.0) 0.8 ( 0.5)
ETHNICITY        
White 97.4 ( 0.5) 2.0 ( 0.5) 0.1 ( 0.1) 0.5 ( 0.3)
Black 81.9 ( 2.4) 17.0 ( 2.4) 0.0 ( 0.0) 1.1 ( 0.6)
Hispanic 70.4 ( 2.9) 26.5 ( 2.8) 1.4 ( 0.6) 1.7 ( 0.8)
Other 81.8 ( 4.8) 7.9 ( 3.4) 2.9 ( 2.0) 7.5 ( 3.1)
SEX        
Male 92.8 ( 1.1) 6.4 ( 1.0) 0.2 ( 0.2) 0.6 ( 0.3)
Female 89.8 ( 0.9) 8.6 ( 0.8) 0.4 ( 0.2) 1.3 ( 0.4)
EMPLOYMENT STATUS        
Actively employed (FT or PT) 93.7 ( 0.8) 5.6 ( 0.8) 0.1 ( 0.1) 0.6 ( 0.3)
Student 81.9 ( 5.8) 16.4 ( 5.6) 0.0 ( 0.0) 1.7 ( 1.7)
Not employed (homemaker, retired, unemployed) 87.8 ( 1.3) 10.6 ( 1.2) 0.9 ( 0.4) 0.7 ( 0.3)
Other 85.7 ( 4.2) 6.0 ( 2.3) 0.0 ( 0.0) 8.3 ( 3.6)
GEOGRAPHIC RESIDENCE        
Resident of a free report state (CO, GA, ME, MD, MA, NJ, VT) 91.8 ( 2.0) 7.7 ( 2.0) 0.0 ( 0.0) 0.4 ( 0.3)
Resident of another state 90.9 ( 0.8) 7.5 ( 0.7) 0.4 ( 0.2) 1.2 ( 0.3)
FINANCIAL AND CREDIT REPORT EXPERIENCE        
Obtained a credit report 96.3 ( 0.6) 2.7 ( 0.5) 0.1 ( 0.1) 0.9 ( 0.3)
Did not obtain a credit report 83.7 ( 1.5) 14.2 ( 1.4) 0.7 ( 0.3) 1.4 ( 0.5)
         
Obtained credit score 97.3 ( 0.6) 2.2 ( 0.6) 0.0 ( 0.0) 0.5 ( 0.2)
Did not obtain credit score 87.9 ( 1.0) 10.1 ( 0.9) 0.6 ( 0.2) 1.4 ( 0.4)
         
Disputed information on credit report 97.1 ( 0.9) 2.3 ( 0.8) 0.0 ( 0.0) 0.6 ( 0.4)
Did not dispute credit report information 89.6 ( 0.9) 8.7 ( 0.8) 0.5 ( 0.2) 1.2 ( 0.3)
         
Had an auto or mortgage loan 98.2 ( 0.3) 1.7 ( 0.3) 0.1 ( 0.1) 0.1 ( 0.1)
Did not have an auto or mortgage loan 66.9 ( 2.6) 27.2 ( 2.5) 1.4 ( 0.6) 4.5 ( 1.2)
         
Was a victim of identity theft 93.1 ( 2.1) 6.6 ( 2.1) 0.0 ( 0.0) 0.3 ( 0.3)
Was not a victim of identity theft 90.7 ( 0.8) 7.6 ( 0.7) 0.4 ( 0.2) 1.2 ( 0.3)
         
Obtained credit report due to an adverse action 93.7 ( 1.8) 5.3 ( 1.7) 0.0 ( 0.0) 1.0 ( 0.7)
Did not obtain credit report due to an adverse action 90.7 ( 0.8) 7.7 ( 0.7) 0.4 ( 0.2) 1.1 ( 0.3)

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