Erin Lowry, the founder of Broke Millennial, gives her perspective on millennials and credit using Experian data.
Experian Marketing Services unveiled a new, more predictive and addressable Experian Marketing Suite at its 2015 Client Summit in Las Vegas, Nev.
Millennials, also known as Generation Y (ages 19-34) are now the largest segment of the U.S. population, and according to a recent Experian analysis, also take the title for being the least credit savvy when compared to previous generations. The study revealed that millennials’ average credit score is 625, and their average debt excluding mortgages is $26,485.