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The average credit score grows by age. Here’s a look at the average credit score by age according to FICO and VantageScore, and how age can affect credit scores.
Find out the overall average credit score in the U.S. and how it breaks down by age and state. Average credit scores increase by age group, with the Baby Boomer Generation having...
The Silent Generation (76+) has the highest average credit score of 760, indicating that older individuals have the most experience managing credit and have maintained a good credit standing throughout their lives.
Millennials (28 to 43): 687. Gen X (44 to 59): 710. Baby boomers (60 to 78): 746. Silent generation (79 to 96): 750. Many factors are used to calculate your credit score, including your payment...
On average, younger generations have scores that are considered good, while the average scores of the two older generations are considered very good to lenders. Average Credit Score by Age Generation (Age)
Average credit score for people in their 50s. The average credit score for borrowers between the ages of 50 and 59 years old is 706. By this time people often have a very long credit history and a full range of credit types that affect the average score.
In general, Americans appear to be managing their credit well, according to Experian's latest data. Here's the average credit score by age.
In 2021, people aged 18 to 24 averaged 679, while those 76 and up had an average credit score of 760.2. Average Credit Score by Age, Second Quarter 20212. If age isn’t factored into credit score, why the upward trend? For one, we have to earn our credit scores, which takes time.
According to an Experian Report, the average credit score (FICO® Score) in the U.S. was 715 as of 2023; the average VantageScore by July 2024 remained at 702 and is considered a good credit score. However, average scores are different for people of different ages.
The average credit score for all Americans was 715 in 2023, an improvement of one point from 2022. The range in credit scores from Generation Z to the Silent Generation is wide.