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Ethnic Ownership And Use Of Credit Cards

CardLine reports an interesting survey by Zogby International of credit card ownership and use. Zogby is an independent polling and research firm headquartered in Utica, NY. The telephone surveys of nearly 4,000 people were made over four months beginning in December 1999. Respondents were allowed to define "major credit card" as they wished. (Information on subscription to CardLine may be obtained at 1-800-221-1809.)

Credit Card Ownership and Usage by Race and Ethnic Origin, 2000
Race/Ethnic Origin Own Major Credit Card (%) Pay Off Monthly Balances
in Full(%)l
African Americans 66 27
Hispanic Americans 65 38
Italian Americans 85 53
Jewish Americans 89 68
Asian Americans 81 72
Arab Americans 85 64

 

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