Q56d: Have you ever had a mortgage or home loan?

Demographic and experience categories Yes No Do not know Refused
All respondents 61.2 ( 1.4) 37.4 ( 1.4) 0.4 ( 0.2) 1.0 ( 0.3)
AGE GROUP        
18 to 24 5.7 ( 2.2) 94.3 ( 2.2) 0.0 ( 0.0) 0.0 ( 0.0)
25 to 34 47.9 ( 3.6) 51.9 ( 3.6) 0.0 ( 0.0) 0.2 ( 0.2)
35 to 44 73.2 ( 2.8) 26.8 ( 2.8) 0.0 ( 0.0) 0.0 ( 0.0)
45 to 54 77.7 ( 2.5) 21.7 ( 2.4) 0.0 ( 0.0) 0.5 ( 0.5)
55 to 64 79.6 ( 2.7) 20.4 ( 2.7) 0.0 ( 0.0) 0.0 ( 0.0)
65 and older 74.6 ( 2.6) 24.0 ( 2.6) 0.7 ( 0.5) 0.7 ( 0.4)
INCOME        
Less than $25000 36.8 ( 2.2) 61.3 ( 2.2) 0.5 ( 0.3) 1.3 ( 0.5)
$25000 to $49999 54.3 ( 3.1) 45.4 ( 3.1) 0.0 ( 0.0) 0.4 ( 0.4)
$50000 to $74999 73.3 ( 3.2) 26.7 ( 3.2) 0.0 ( 0.0) 0.0 ( 0.0)
$75000+ 87.0 ( 2.6) 13.0 ( 2.6) 0.0 ( 0.0) 0.0 ( 0.0)
EDUCATION        
Less than high school 28.3 ( 3.2) 67.8 ( 3.4) 2.0 ( 1.0) 1.9 ( 0.9)
High school 56.0 ( 2.5) 42.8 ( 2.5) 0.5 ( 0.4) 0.7 ( 0.3)
Some post-secondary education 62.6 ( 2.8) 36.3 ( 2.8) 0.0 ( 0.0) 1.1 ( 0.5)
BA or more 76.5 ( 2.4) 22.7 ( 2.4) 0.0 ( 0.0) 0.8 ( 0.5)
ETHNICITY        
White 73.2 ( 1.7) 26.1 ( 1.7) 0.2 ( 0.2) 0.5 ( 0.3)
Black 41.7 ( 2.9) 57.7 ( 3.0) 0.0 ( 0.0) 0.6 ( 0.4)
Hispanic 27.9 ( 2.6) 69.7 ( 2.7) 0.5 ( 0.3) 1.9 ( 0.8)
Other 37.2 ( 6.0) 52.5 ( 6.3) 2.9 ( 2.0) 7.5 ( 3.1)
SEX        
Male 62.7 ( 2.3) 36.5 ( 2.3) 0.2 ( 0.2) 0.6 ( 0.3)
Female 60.1 ( 1.7) 38.4 ( 1.7) 0.4 ( 0.2) 1.1 ( 0.4)
EMPLOYMENT STATUS        
Actively employed (FT or PT) 63.6 ( 1.9) 35.7 ( 1.9) 0.1 ( 0.1) 0.6 ( 0.3)
Student 17.0 ( 5.7) 81.3 ( 5.9) 0.0 ( 0.0) 1.7 ( 1.7)
Not employed (homemaker, retired, unemployed) 63.4 ( 2.2) 35.2 ( 2.2) 0.9 ( 0.4) 0.6 ( 0.3)
Other 51.7 ( 6.5) 39.9 ( 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) 66.0 ( 3.1) 33.8 ( 3.1) 0.0 ( 0.0) 0.2 ( 0.2)
Resident of another state 60.5 ( 1.6) 37.9 ( 1.6) 0.4 ( 0.2) 1.2 ( 0.3)
FINANCIAL AND CREDIT REPORT EXPERIENCE        
Obtained a credit report 73.6 ( 1.7) 25.5 ( 1.7) 0.1 ( 0.1) 0.8 ( 0.3)
Did not obtain a credit report 44.3 ( 2.2) 53.6 ( 2.2) 0.7 ( 0.3) 1.4 ( 0.5)
         
Obtained credit score 78.1 ( 2.0) 21.4 ( 2.0) 0.0 ( 0.0) 0.5 ( 0.2)
Did not obtain credit score 53.0 ( 1.8) 45.2 ( 1.8) 0.5 ( 0.2) 1.3 ( 0.4)
         
Disputed information on credit report 75.3 ( 2.9) 24.1 ( 2.9) 0.0 ( 0.0) 0.6 ( 0.4)
Did not dispute credit report information 58.1 ( 1.6) 40.3 ( 1.6) 0.4 ( 0.2) 1.1 ( 0.3)
         
Had an auto or mortgage loan 79.5 ( 1.4) 20.5 ( 1.4) 0.0 ( 0.0) 0.0 ( 0.0)
Did not have an auto or mortgage loan 0.0 ( 0.0) 93.9 ( 1.3) 1.6 ( 0.7) 4.5 ( 1.2)
         
Was a victim of identity theft 64.4 ( 4.1) 35.6 ( 4.1) 0.0 ( 0.0) 0.0 ( 0.0)
Was not a victim of identity theft 60.9 ( 1.5) 37.6 ( 1.5) 0.4 ( 0.2) 1.2 ( 0.3)
         
Obtained credit report due to an adverse action 49.6 ( 5.2) 49.8 ( 5.2) 0.0 ( 0.0) 0.6 ( 0.6)
Did not obtain credit report due to an adverse action 62.3 ( 1.5) 36.3 ( 1.5) 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