Q56e: Have you ever had a savings account or certificate of deposit?

Demographic and experience categories Yes No Do not know Refused
All respondents 84.2 ( 1.0) 14.1 ( 0.9) 0.5 ( 0.2) 1.1 ( 0.3)
AGE GROUP        
18 to 24 73.6 ( 4.1) 25.3 ( 4.0) 1.1 ( 1.1) 0.0 ( 0.0)
25 to 34 82.4 ( 2.5) 17.4 ( 2.4) 0.0 ( 0.0) 0.2 ( 0.2)
35 to 44 88.1 ( 1.9) 11.9 ( 1.9) 0.0 ( 0.0) 0.0 ( 0.0)
45 to 54 87.5 ( 2.0) 11.2 ( 1.8) 0.6 ( 0.6) 0.7 ( 0.6)
55 to 64 90.5 ( 1.9) 9.5 ( 1.9) 0.0 ( 0.0) 0.0 ( 0.0)
65 and older 86.8 ( 2.0) 12.1 ( 1.9) 0.2 ( 0.2) 0.9 ( 0.5)
INCOME        
Less than $25000 68.1 ( 2.1) 29.9 ( 2.1) 0.7 ( 0.3) 1.3 ( 0.5)
$25000 to $49999 86.2 ( 2.1) 12.9 ( 2.0) 0.5 ( 0.5) 0.4 ( 0.4)
$50000 to $74999 91.9 ( 1.9) 7.6 ( 1.9) 0.6 ( 0.6) 0.0 ( 0.0)
$75000+ 97.1 ( 1.0) 2.9 ( 1.0) 0.0 ( 0.0) 0.0 ( 0.0)
EDUCATION        
Less than high school 48.0 ( 3.7) 47.5 ( 3.7) 2.3 ( 1.1) 2.2 ( 0.9)
High school 79.7 ( 2.0) 18.9 ( 1.9) 0.6 ( 0.4) 0.8 ( 0.4)
Some post-secondary education 89.8 ( 1.5) 8.5 ( 1.4) 0.4 ( 0.4) 1.2 ( 0.5)
BA or more 95.9 ( 1.0) 3.3 ( 0.9) 0.0 ( 0.0) 0.8 ( 0.5)
ETHNICITY        
White 92.4 ( 1.0) 6.6 ( 0.9) 0.3 ( 0.2) 0.6 ( 0.3)
Black 77.5 ( 2.6) 21.4 ( 2.6) 0.0 ( 0.0) 1.1 ( 0.6)
Hispanic 55.4 ( 3.1) 41.9 ( 3.1) 1.2 ( 0.6) 1.4 ( 0.7)
Other 67.2 ( 5.9) 22.4 ( 5.3) 2.9 ( 2.0) 7.5 ( 3.1)
SEX        
Male 86.5 ( 1.5) 12.3 ( 1.4) 0.8 ( 0.4) 0.4 ( 0.2)
Female 82.5 ( 1.2) 15.9 ( 1.2) 0.2 ( 0.1) 1.4 ( 0.4)
EMPLOYMENT STATUS        
Actively employed (FT or PT) 87.8 ( 1.2) 11.2 ( 1.2) 0.4 ( 0.3) 0.6 ( 0.3)
Student 86.2 ( 4.4) 12.1 ( 4.1) 1.7 ( 1.7) 0.0 ( 0.0)
Not employed (homemaker, retired, unemployed) 78.2 ( 1.8) 20.0 ( 1.7) 0.8 ( 0.4) 1.0 ( 0.4)
Other 77.4 ( 5.0) 14.2 ( 3.9) 0.0 ( 0.0) 8.3 ( 3.6)
GEOGRAPHIC RESIDENCE        
Resident of a free report state (CO, GA, ME, MD, MA, NJ, VT) 89.7 ( 1.8) 8.9 ( 1.6) 1.0 ( 1.0) 0.4 ( 0.3)
Resident of another state 83.4 ( 1.1) 14.9 ( 1.0) 0.5 ( 0.2) 1.2 ( 0.3)
FINANCIAL AND CREDIT REPORT EXPERIENCE        
Obtained a credit report 91.3 ( 1.0) 7.7 ( 0.9) 0.1 ( 0.1) 0.8 ( 0.3)
Did not obtain a credit report 74.4 ( 1.8) 22.9 ( 1.7) 1.1 ( 0.5) 1.6 ( 0.5)
         
Obtained credit score 92.2 ( 1.3) 7.0 ( 1.2) 0.3 ( 0.3) 0.5 ( 0.2)
Did not obtain credit score 80.3 ( 1.3) 17.6 ( 1.2) 0.7 ( 0.3) 1.5 ( 0.4)
         
Disputed information on credit report 92.4 ( 1.6) 7.0 ( 1.6) 0.0 ( 0.0) 0.6 ( 0.4)
Did not dispute credit report information 82.4 ( 1.1) 15.7 ( 1.1) 0.7 ( 0.3) 1.3 ( 0.3)
         
Had an auto or mortgage loan 91.9 ( 0.8) 7.8 ( 0.8) 0.1 ( 0.1) 0.2 ( 0.1)
Did not have an auto or mortgage loan 58.4 ( 2.8) 35.2 ( 2.7) 1.9 ( 0.8) 4.4 ( 1.1)
         
Was a victim of identity theft 86.2 ( 2.9) 13.8 ( 2.9) 0.0 ( 0.0) 0.0 ( 0.0)
Was not a victim of identity theft 84.0 ( 1.0) 14.2 ( 1.0) 0.6 ( 0.2) 1.3 ( 0.3)
         
Obtained credit report due to an adverse action 83.5 ( 3.5) 15.9 ( 3.5) 0.0 ( 0.0) 0.6 ( 0.6)
Did not obtain credit report due to an adverse action 84.2 ( 1.0) 14.0 ( 1.0) 0.6 ( 0.2) 1.2 ( 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