the staff of the Ridgewood blog
Ridgewood NJ, Experian has just released a new study that takes a look at debt and credit for senior citizens (considered as people 60 years or older for this analysis) in the United States.
Our findings:
- Across the U.S., senior citizens have an average FICO® Score of 745 – 44 points higher than the national average of 701, according to Experian data from the fourth quarter of 2018.
- Senior citizens (considered as people 60 years or older for this analysis) also carry an average of $70,633 in total debt, though seniors in some states carried almost double that amount.
- Senior citizens in the District of Columbia have the highest average total debt – at $132,366.
- Senior citizens in New Jersey rank 16th for highest debt – at $76,020.
See the rest of our findings here: https://www.experian.com/blogs/ask-experian/research/where-senior-citizens-carry-the-most-debt/
