Q56c: Have you ever had an automobile loan?

Demographic and experience categories Yes No Do not know Refused
All respondents 71.6 ( 1.3) 27.0 ( 1.3) 0.3 ( 0.1) 1.1 ( 0.3)
AGE GROUP        
18 to 24 28.0 ( 4.8) 71.6 ( 4.8) 0.4 ( 0.4) 0.0 ( 0.0)
25 to 34 68.7 ( 3.0) 31.1 ( 3.0) 0.0 ( 0.0) 0.2 ( 0.2)
35 to 44 82.9 ( 2.2) 17.1 ( 2.2) 0.0 ( 0.0) 0.0 ( 0.0)
45 to 54 83.0 ( 2.2) 16.2 ( 2.2) 0.0 ( 0.0) 0.7 ( 0.6)
55 to 64 86.1 ( 2.2) 13.9 ( 2.2) 0.0 ( 0.0) 0.0 ( 0.0)
65 and older 73.3 ( 2.8) 25.8 ( 2.7) 0.2 ( 0.2) 0.7 ( 0.4)
INCOME        
Less than $25000 50.3 ( 2.3) 47.9 ( 2.3) 0.4 ( 0.3) 1.3 ( 0.5)
$25000 to $49999 71.5 ( 2.9) 28.1 ( 2.9) 0.0 ( 0.0) 0.4 ( 0.4)
$50000 to $74999 83.6 ( 2.8) 16.4 ( 2.8) 0.0 ( 0.0) 0.0 ( 0.0)
$75000+ 90.0 ( 1.9) 10.0 ( 1.9) 0.0 ( 0.0) 0.0 ( 0.0)
EDUCATION        
Less than high school 39.6 ( 3.6) 57.2 ( 3.7) 1.3 ( 0.8) 1.9 ( 0.9)
High school 68.1 ( 2.3) 30.6 ( 2.3) 0.7 ( 0.4) 0.7 ( 0.3)
Some post-secondary education 74.9 ( 2.6) 23.9 ( 2.6) 0.0 ( 0.0) 1.2 ( 0.5)
BA or more 83.2 ( 2.0) 16.0 ( 2.0) 0.0 ( 0.0) 0.8 ( 0.5)
ETHNICITY        
White 80.2 ( 1.5) 19.2 ( 1.5) 0.1 ( 0.1) 0.5 ( 0.3)
Black 61.7 ( 3.0) 37.8 ( 3.0) 0.0 ( 0.0) 0.6 ( 0.4)
Hispanic 45.0 ( 3.1) 52.2 ( 3.1) 0.8 ( 0.5) 1.9 ( 0.8)
Other 52.3 ( 6.4) 37.3 ( 6.3) 2.9 ( 2.0) 7.5 ( 3.1)
SEX        
Male 77.1 ( 2.0) 22.1 ( 2.0) 0.2 ( 0.2) 0.6 ( 0.3)
Female 66.8 ( 1.6) 31.6 ( 1.6) 0.4 ( 0.2) 1.2 ( 0.4)
EMPLOYMENT STATUS        
Actively employed (FT or PT) 76.9 ( 1.6) 22.4 ( 1.6) 0.1 ( 0.1) 0.6 ( 0.3)
Student 40.5 ( 8.2) 57.8 ( 8.3) 0.0 ( 0.0) 1.7 ( 1.7)
Not employed (homemaker, retired, unemployed) 67.7 ( 2.2) 30.9 ( 2.1) 0.8 ( 0.4) 0.6 ( 0.3)
Other 55.6 ( 6.5) 36.1 ( 6.5) 0.0 ( 0.0) 8.3 ( 3.6)
GEOGRAPHIC RESIDENCE        
Resident of a free report state (CO, GA, ME, MD, MA, NJ, VT) 73.1 ( 2.9) 26.5 ( 2.9) 0.0 ( 0.0) 0.4 ( 0.3)
Resident of another state 71.4 ( 1.4) 27.0 ( 1.4) 0.4 ( 0.2) 1.2 ( 0.3)
FINANCIAL AND CREDIT REPORT EXPERIENCE        
Obtained a credit report 83.1 ( 1.4) 16.0 ( 1.4) 0.1 ( 0.1) 0.8 ( 0.3)
Did not obtain a credit report 55.9 ( 2.2) 42.0 ( 2.2) 0.6 ( 0.3) 1.4 ( 0.5)
         
Obtained credit score 86.7 ( 1.6) 12.8 ( 1.6) 0.0 ( 0.0) 0.5 ( 0.2)
Did not obtain credit score 64.3 ( 1.7) 33.9 ( 1.7) 0.5 ( 0.2) 1.4 ( 0.4)
         
Disputed information on credit report 86.1 ( 2.2) 13.3 ( 2.1) 0.0 ( 0.0) 0.6 ( 0.4)
Did not dispute credit report information 68.4 ( 1.5) 30.0 ( 1.5) 0.4 ( 0.2) 1.2 ( 0.3)
         
Had an auto or mortgage loan 93.0 ( 0.8) 6.9 ( 0.8) 0.0 ( 0.0) 0.0 ( 0.0)
Did not have an auto or mortgage loan 0.0 ( 0.0) 94.0 ( 1.3) 1.5 ( 0.6) 4.5 ( 1.2)
         
Was a victim of identity theft 81.4 ( 3.2) 18.6 ( 3.2) 0.0 ( 0.0) 0.0 ( 0.0)
Was not a victim of identity theft 70.5 ( 1.4) 27.9 ( 1.4) 0.4 ( 0.2) 1.2 ( 0.3)
         
Obtained credit report due to an adverse action 71.4 ( 4.9) 28.0 ( 4.9) 0.0 ( 0.0) 0.6 ( 0.6)
Did not obtain credit report due to an adverse action 71.6 ( 1.3) 26.9 ( 1.3) 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