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Young Americans’ credit scores rise
Young Americans aged 18 to 29 have achieved higher credit scores than before the Covid-19 pandemic, with a 17-point increase since 2019, according to FICO research. This growth is largely attributed to responsible credit management, better financial education, and the initial pause on student loan payments, though disparities remain. Despite improvements, some borrowers face setbacks due to resumed student debt payments and rising housing costs, highlighting ongoing economic challenges for younger generations.
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