Average Fico Score Among Millennials Is Sub-Prime Future Trends Point To Troubled Times (Video)
Average Fico Score Among Millennials Is Sub-Prime Future Trends Point To Troubled Times Video by Silver Report
we look at recent data from Experian on the average fico score by generation and the results were stunning That creditworthiness varies greatly by generation. It seems as if there are two Americas pre-GFC and Post-GFC and with more Americans turning to debt the trend is sure to reach a boiling point. Their data shows that the average fico score among millennials is 665 while the national average fico score was 701 as of Q4 2018. Also interestingly we see generation z the youngest generation has around the same credit score on average. I think some of this is due to the changes in our economy as well as work ethic among generations.