According to research from Operation HOPE, people in neighborhoods with an average credit score of 700 or higher can live 10 to 20 years longer than those in areas where the average score is around 580.
A credit score is more than just a number; it's a measure of financial stability, opportunity, and health. High-credit-score communities tend to have better access to credit, lower interest rates, and more opportunities for homeownership and entrepreneurship.
In contrast, neighborhoods with lower credit scores often struggle with underinvestment, higher crime rates, and poorer health outcomes—issues that are exacerbated by the stress and financial instability that low credit scores represent.
The national average credit score recently hit 695, the highest in 13 years, thanks in part to the financial reprieve provided by the COVID-19 pandemic's stimulus measures. However, this average masks significant disparities.
[
Collection
]
[
|
...
]