COSTA MESA, Calif.—Which generation has more debt and the worst credit scores?
It’s not Millennials.
A new report indicates that Generation X continues to struggle with debt, while Millennials and Baby Boomers are doing well.
Experian's State of Credit report shows that overall, Americans are doing well with their finances, with the average credit score rising from 673 to 675 over the 12 months ending last June, the highest since 679 in 2007, before the Great Recession began.
Here’s a breakdown of average credit scores by generation, according to Experian: Generation Z (634), Millennials (638), Generation X (658), and Baby Boomers (703).