Americans’ Credit Scores Improve as They Age

• Millennials have the lowest average credit score of any age group (634) while members of the silent generation have the highest (734).
• Homebuyers with fair credit scores will pay nearly $30,000 more over the life of a mortgage than those with very good ratings.
• Older Americans have better credit scores in part because of lower child-care costs and student debt, and many may not have such expenses at all.

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