Contributed by William Bevins, CTFA at Cypress Capital (Franklin, TN)
Your credit score is simply a statistical estimation of how likely you are to pay your debts and, by extension, how much credit you should have. Everyone is different – everyone has a different history, different experiences. But have you ever wondered how you compare to other Americans?
The illustration below shows cities with the best and worst credit scores.
Source: Experian.org, 2018 and CNBC, 2018
Generation Gap
Here’s a look at how each generation fares credit-wise. How do you stack up?
| Credit Score | |
| Baby Boomers | 703 |
| Generation X | 658 |
| Millennials | 638 |
Source: Experian.org, 2018
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