Young Adults in Majority-Black and -Hispanic Communities Have Lower Median Credit Scores Than Young Adults in Majority-White Communities
Median Vantage credit score among young adults by age and racial and ethnic community composition
Column chart showing that young adults in majority-Black and Hispanic communities have lower median credit scores than young adults in majority-white communities
Notes: These statistics are based on a 4 percent nationally representative panel of deidentified, consumer-level records from a major credit bureau containing data on more than 10 million consumers in February 2022. To determine racial composition of communities, we link credit bureau data to the five-year (2015–19) American Community Survey (ACS) estimates using zip codes of residence. Communities are considered majority Black, Hispanic, or white when more than 60 percent of residents identify as that race or ethnicity according to the ACS. We use the term “Hispanic” to align with the dataset but recognize it’s not necessarily inclusive of how all members of this group identify. Credit scores are Vantage scores that range from 300 to 850.
Chart:Urban InstituteSource:Urban Institute tabulations from a major credit bureau, February 2022.