Use of credit in the U.S. 2021, by income level and type of credit
In 2021, there was a correlation between income level and the usage of personal loans in the United States. Nearly 11 percent of the population with an income of 75,000 U.S. dollars or more had used personal bank loans in the past year. Other nonbank types of credit, such as payday loans or rent-to-own services, were mostly used by low-income groups.
