Experian examined representative and anonymized credit data through Q3 2024 to identify trends within average and total debt ...
Most generations increased their average FICO Score by a single point in 2024, although Generation X, currently carrying more ...
That's a record high. According to Experian, average total consumer household debt in 2023 is $104,215. That's up 11% from 2020, when average total consumer debt was $92,727. The Federal Reserve ...
In the few states where average consumer debt increased by more than 2% from 2023, such as California, Massachusetts and Utah, average mortgage balances in excess of $300,000 likely drove up ...
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