Aug 5 2015 14095 1

Aug 5 2015 14095 1

Who Faces the Most Financial Hurdles?


DAILY REAL ESTATE NEWS | WEDNESDAY, AUGUST 05, 2015


A recent Experian study finds that, among millennials (ages 19-34), generation Xers (35-49), and baby boomers, and the greatest generation (ages 50-87), generation Y has the biggest job ahead of them in terms of repairing their credit. They also have the worst credit scores of all groups combined. Here’s a closer look at how the generations’ stacked up on their finances:“Given the significance millennials play in financial services and the credit marketplace, it is crucial to understand this influential consumer segment and how they use credit as a tool,” says Michele Raneri, vice president of analytics and business development at Experian. “While this generation may not look like they are on the right track financially, it’s important to keep in mind that credit scores are built on credit experiences, and while this generation has been slower to use credit, they have plenty of opportunities to build a positive credit history.”Source: Experian


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Dated: August 6th 2015
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