FICO Fair Isaac Corporation

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A bright spot for young Americans

While millions across the US are hurting from high prices and low hiring, new research suggests the finances of younger generations are displaying surprising resilience at a high level. Americans between the ages of 18 and 29 have higher credit scores today than they did just before Covid-19, according to FICO research shared first with CNN. Their average score has jumped 17 points since 2019 — the biggest gain of any age group measured — while Millennials saw the second-largest increase. Experts say younger Americans may be benefiting from better financial education, including an earlier understanding that a good credit score can make big purchases cheaper down the road.

+ Read more: Young Americans have higher credit scores today than before Covid