Table 2.
Descriptive statistics, respondents in households with income below $50,000
| ALP Data | ||||
|---|---|---|---|---|
|
| ||||
| All groups | Non-Hisp Whites | Hispanics | Non-Hisp. Blacks | |
|
| ||||
| % sample | 59.78% | 22.42% | 15.65% | |
| Unbanked | 0.26 | 0.19 | 0.32 | 0.47 |
| Underbanked | 0.16 | 0.14 | 0.17 | 0.21 |
| Frenquent AFS users | 0.27 | 0.20 | 0.29 | 0.47 |
| Fully-banked | 0.58 | 0.68 | 0.51 | 0.32 |
| Male | 0.46 | 0.46 | 0.49 | 0.42 |
| Age | 45.43 | 49.31 | 37.85 | 42.05 |
| US born | 0.88 | 0.95 | 0.64 | 0.95 |
| US citizen | 0.95 | 0.99 | 0.81 | 0.98 |
| Less than high school | 0.21 | 0.17 | 0.29 | 0.25 |
| High school graduate | 0.39 | 0.39 | 0.39 | 0.40 |
| Some college | 0.20 | 0.21 | 0.16 | 0.22 |
| Bachelor degree or more | 0.20 | 0.24 | 0.16 | 0.13 |
| Family income below 20 K | 0.52 | 0.48 | 0.53 | 0.65 |
| Family income between 20 and 35 K | 0.31 | 0.33 | 0.30 | 0.24 |
| Family income between 35 and 50 K | 0.17 | 0.19 | 0.17 | 0.11 |
| Employed | 0.39 | 0.37 | 0.50 | 0.31 |
| Unemployed | 0.20 | 0.15 | 0.23 | 0.33 |
| Disabled | 0.17 | 0.18 | 0.09 | 0.27 |
| Retired | 0.15 | 0.20 | 0.06 | 0.07 |
| Other | 0.16 | 0.15 | 0.21 | 0.13 |
| Interviewed in Spanish | 0.05 | 0.00 | 0.21 | 0.00 |
| Observations | 1,576 | 341 | 854 | 285 |
Notes: Authors’ calculations using ALP data, survey 276. Sample restricted to families with less than 50 K in annual income. Means calculated using sample weights.