Millennial and Gen Z credit scores are the latest sign of the ‘vibecession.’ Their credit scores will keep going up, Open Lending, TransUnion report shows

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Millennial and Gen Z credit scores are the latest sign of the ‘vibecession.’ Their credit scores will keep going up, Open Lending, TransUnion report shows - Fortune

Quick Summary:

This could be a good sign for borrowers since lenders have historically been "hesitant” to extend loans to thin-file or low-credit consumers.

It’s no wonder millennials and Gen Zers don’t feel great about their credit scores.

They still have to pay off their credit cards in full each month—and charge only what they can afford, Meade warned.“While this trajectory is good news for younger consumers, it is very important that they stay on top of their debts,” she said.