How Your Credit Score Compares to Other People Your Age
Summary
The average American credit score is 717, but factors like age and location influence individual scores. Older generations generally have higher scores because they have longer credit histories. Different U.S. states also show variation, with Northern states typically having higher averages than the Southern states.Key Facts
- The average American credit score is 717.
- Credit scores range from 300 to 850.
- Gen Z has an average credit score of 681, while baby boomers average 746.
- Credit scores affect people's ability to get loans, credit cards, and insurance.
- Mississippi has the lowest average credit score at 680, and Minnesota has the highest at 742.
- States with better financial resources and regulations tend to have higher credit scores.
- The U.S. consumer debt averages $105,000 and totals $18.04 trillion.
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