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How do Different Generations Manage Their Money?
Does your generation have the highest average credit score? Which age group carries the highest debt balances? From the first credit card to the last mortgage payment, read on to see how different generations manage their money and find out how to live credit smart at any age.
Americans vary widely in how much debt they take on, the types of debt they carry and how they are managing their credit. Experian's Generational Credit Trends Report provides a snapshot of Americans' debt balances and credit behaviors, illustrating that the so-called "generation gap" goes beyond just music, fashion and politics.
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Experian highlights generational gap on debt: Generation X tips the scales just above baby boomers with debts and boomers boast much higher credit scores
Read more on the latest study providing insight into four generational age groups, and what their debts and credit scores reveal