snapshot of credit characteristics by generations
TRANSCRIPT
Millennials
Generation X
(age 19–34)
(age 35–49)
Snapshot of credit characteristics by generations
43%
41%
25%
34%
625
650
709
667
$125,000
$87,438
$88,313
When it comes to credit and debt, what do the different age groups look like? Let's take a look at these generations and their credit management.
1 VantageScore 3.0 was used for this study. The score range is 300–850.2 Average debt for this study includes all credit cards, mortgage, auto loans and personal loans/student loans.3 Estimated average income calculated using Experian’s Income Insight.SM
Average VantageScore1
Averagedebt2
Averagedebt
(excluding mortages)
Estimatedaverage income3
Bankcard balances
Bankcard utilization
$26,485
$26,670
$19,217
$23,089
$34,430
$50,400
$46,340
$46,790
$3,403
$6,752
$5,603
$5,340
$52,120
Baby Boomers and Greatest Generation
(age 50+)
VantageScore® is a registered trademark of VantageScore Solutions, LLC.
© 2015 Experian Information Solutions, Inc. All rights reserved.Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc.Other product and company names mentioned herein are the property of their respective owners.
07/15 • 7416A-CS
National averages