Trends by Age
No commentsBased on our data, there is clearly a relationship between age and average credit scores. Generally speaking, younger individuals will have lower credits scores on average.
There is a very good technical reason for this phenomenon. The length of your credit history is a factor that goes into the credit score calculation. Since younger individuals will have shorter credit history, they will tend to have a lower credit score all else equal.
The depth of your credit is probably lower with younger individuals as well. The combination of the two effects lead to the lower averages for younger people.
Keep in mind the chart does not mean you can't have high credit if you are young. It just points out the correlations and averages. There are dozens of factors that affect credit scores. Being aware of all the factors is important to being a well informed consumer.
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