The average American credit score varies by age. The 25 to 34 crowd has the lowest scores on average, likely because they’re getting established and paying off student loans. Credit scores steadily climb with age, as consumers become more stable and focus on saving rather than spending. The 55+ crowd has the highest average score of nearly 700.
The irony here is that 25 to 34 year olds are in the most need of a good score. It’s during this time that many are trying to buy a home for the first time, when a good credit score is critical.
