Q56f: Have you ever had a mutual fund?

Demographic and experience categories Yes No Do not know Refused
All respondents 42.8 ( 1.5) 54.3 ( 1.5) 1.7 ( 0.4) 1.2 ( 0.3)
AGE GROUP        
18 to 24 6.8 ( 2.3) 93.2 ( 2.3) 0.0 ( 0.0) 0.0 ( 0.0)
25 to 34 33.0 ( 3.5) 65.1 ( 3.5) 1.6 ( 0.8) 0.2 ( 0.2)
35 to 44 52.1 ( 3.4) 46.4 ( 3.4) 1.5 ( 1.0) 0.0 ( 0.0)
45 to 54 53.3 ( 3.2) 44.2 ( 3.2) 1.8 ( 0.8) 0.7 ( 0.6)
55 to 64 59.8 ( 3.6) 37.7 ( 3.5) 2.4 ( 1.3) 0.0 ( 0.0)
65 and older 50.9 ( 3.2) 46.7 ( 3.2) 1.7 ( 0.7) 0.7 ( 0.4)
INCOME        
Less than $25000 18.5 ( 1.7) 78.3 ( 1.8) 1.9 ( 0.6) 1.3 ( 0.5)
$25000 to $49999 36.7 ( 3.0) 61.5 ( 3.0) 1.4 ( 0.7) 0.4 ( 0.4)
$50000 to $74999 54.2 ( 3.5) 45.6 ( 3.5) 0.2 ( 0.2) 0.0 ( 0.0)
$75000+ 69.3 ( 3.2) 29.2 ( 3.2) 1.4 ( 0.9) 0.0 ( 0.0)
EDUCATION        
Less than high school 6.3 ( 1.9) 88.0 ( 2.4) 3.7 ( 1.3) 1.9 ( 0.9)
High school 29.0 ( 2.4) 68.9 ( 2.4) 1.3 ( 0.5) 0.8 ( 0.4)
Some post-secondary education 42.9 ( 2.8) 53.6 ( 2.9) 2.0 ( 0.7) 1.5 ( 0.6)
BA or more 69.0 ( 2.6) 29.2 ( 2.5) 1.0 ( 0.7) 0.8 ( 0.5)
ETHNICITY        
White 53.7 ( 1.9) 43.9 ( 1.9) 1.6 ( 0.5) 0.8 ( 0.3)
Black 20.8 ( 2.4) 78.0 ( 2.4) 0.3 ( 0.3) 0.9 ( 0.5)
Hispanic 14.0 ( 2.0) 82.2 ( 2.2) 2.3 ( 0.8) 1.4 ( 0.7)
Other 27.9 ( 5.7) 60.6 ( 6.2) 4.1 ( 2.3) 7.5 ( 3.1)
SEX        
Male 47.3 ( 2.3) 50.7 ( 2.3) 1.6 ( 0.5) 0.4 ( 0.2)
Female 38.9 ( 1.8) 58.0 ( 1.8) 1.6 ( 0.4) 1.5 ( 0.4)
EMPLOYMENT STATUS        
Actively employed (FT or PT) 45.6 ( 2.0) 52.5 ( 2.0) 1.3 ( 0.4) 0.6 ( 0.3)
Student 18.5 ( 6.3) 79.8 ( 6.5) 1.7 ( 1.7) 0.0 ( 0.0)
Not employed (homemaker, retired, unemployed) 41.3 ( 2.4) 55.7 ( 2.4) 2.1 ( 0.6) 0.9 ( 0.3)
Other 37.2 ( 6.2) 48.8 ( 6.4) 3.9 ( 2.3) 10.0 ( 3.9)
GEOGRAPHIC RESIDENCE        
Resident of a free report state (CO, GA, ME, MD, MA, NJ, VT) 50.4 ( 3.1) 48.5 ( 3.1) 0.6 ( 0.5) 0.4 ( 0.3)
Resident of another state 41.7 ( 1.6) 55.2 ( 1.6) 1.8 ( 0.4) 1.3 ( 0.3)
FINANCIAL AND CREDIT REPORT EXPERIENCE        
Obtained a credit report 53.0 ( 1.9) 44.7 ( 1.9) 1.3 ( 0.4) 1.0 ( 0.3)
Did not obtain a credit report 29.0 ( 2.1) 67.4 ( 2.1) 2.1 ( 0.6) 1.5 ( 0.5)
         
Obtained credit score 56.5 ( 2.5) 41.0 ( 2.5) 1.8 ( 0.7) 0.7 ( 0.4)
Did not obtain credit score 36.2 ( 1.7) 60.8 ( 1.8) 1.6 ( 0.4) 1.4 ( 0.4)
         
Disputed information on credit report 55.3 ( 3.3) 40.9 ( 3.2) 3.2 ( 1.3) 0.6 ( 0.4)
Did not dispute credit report information 40.1 ( 1.6) 57.2 ( 1.6) 1.3 ( 0.3) 1.3 ( 0.3)
         
Had an auto or mortgage loan 52.2 ( 1.7) 45.9 ( 1.7) 1.6 ( 0.4) 0.3 ( 0.1)
Did not have an auto or mortgage loan 11.4 ( 1.8) 82.5 ( 2.1) 1.8 ( 0.7) 4.3 ( 1.1)
         
Was a victim of identity theft 49.1 ( 4.4) 49.2 ( 4.4) 1.6 ( 1.0) 0.0 ( 0.0)
Was not a victim of identity theft 42.1 ( 1.5) 54.9 ( 1.5) 1.7 ( 0.4) 1.3 ( 0.3)
         
Obtained credit report due to an adverse action 31.3 ( 4.9) 64.9 ( 5.0) 3.2 ( 1.5) 0.6 ( 0.6)
Did not obtain credit report due to an adverse action 43.9 ( 1.5) 53.4 ( 1.5) 1.5 ( 0.4) 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