While there may seem to be a contradiction between rising delinquency rates and rising credit scores, consider that the vast majority of consumers are largely still able to pay their debts on time. Baby boomers and millennials improved the most, with both generations improving their FICO Scores by three points from 2022 to 2023. The eldest among us, the Silent Generation, currently sport an average credit score of 761, which is firmly within the “very good” credit score range of 740 to 799.
Overall, the average FICO Score in Q2 2023 improved by one point, from 715 to 716.Įvery age cohort Experian tracks saw improvement in average FICO Scores as well.
Average FICO Scores continue to improve across all age groupsĭespite increasing delinquency levels, and anxiety about the financial health of the consumer headed into the holiday season, credit scores continue to improve.
