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Credit Between Generations
Baby Boomers and Millenials hold differing ideals when it comes to the topic of credit and how they manage it. Millenials as a whole know less about their personal credit history than Baby Boomers do, with less than half of Millenials even knowing what their credit score is compared to 60% of the older generation. Experts identify part of the problem in Millenials starting off their adult life and career already in debt from student loans. For more differences in credit management between these two generations visit this article by Isaac M. O’Bannon with CPA Practice Advisor.
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