Loading...

Study highlights generational gap on debt

March 20, 2012 by josephine.munis

A recent Experian credit trends study showcases the types of debts Americans have, the amounts they owe and the differences between generations. Nationally, the average debt in the United States is $78,030 and the average VantageScore® is 751. The debt and VantageScore distribution for each group is listed below, with the 30 to 46 age group carrying the most debt and the youngest age group (19 to 29) carrying the least:

Age group Average debt Average VantageScore
66 and older $38,043 829
47 to 65 $101,951 782
30 to 46 $111,121 718
19 to 29 $34,765 672

Get your VantageScore here

Source: To view the complete study, please click here

VantageScore® is owned by VantageScore Solutions, LLC

Related Posts

To maximize limited marketing spend, lenders will need to be more prescriptive to increase response rates on fewer delivered offers.

October 6, 2020 by Eric Johnson

To improve results within the subprime space, lenders need to have a well-established pre-delinquent contact optimization approach. Read more!

August 17, 2020 by Erik Svensen

Learn how to accurately and consistently report on consumers' credit while complying with regulatory guidance during the COVID-19 pandemic.

April 14, 2020 by Guest Contributor

Subscription title for insights blog

Description for the insights blog here

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Categories title

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Subscription title 2

Description here
Subscribe Now

Text legacy

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source.

recent post

Learn More Image