Usage of credit in the U.S. 2021, by age and type of credit

Published by
Fernando de Querol Cumbrera,
Feb 8, 2023
The type of credit used in the United States in 2021 varied by age. Respondents between the ages of 25 and 54 were the most frequent users of credit cards and bank personal loans. However, respondents of up to 24 years old reported using nonbank personal loans more frequently than any other age group. The share of respondents who used credit cards was 73.1 percent for respondents aged from 35 to 44 years.

Share of people who have used credit in the United States in 2021, by age group and type of credit

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Release date

November 2022

Region

United States

Survey time period

June 2021

Number of respondents

44,524 households

Age group

15 years and older

Special properties

Usage of credit in the past 12 months

Supplementary notes

* The category other credit includes: rent-to-own service or payday, pawn shops, tax refund anticipation, and auto title loans.

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