"Credit scores are a core part of personal finance in the U.S. They determine Americans' access to favorable loans, credit cards, and can even factor into applying for a job."
"The national average credit score fell to 714 in the second half of 2025, representing the lowest score since early 2020 and a decline from the 715 average recorded earlier."
"While only around 10% of Americans overall saw their scores fall by 50 or more points between 2024 and 2025, that share jumped to 14.4% of people aged 18 to 29."
The Trump administration's aggressive restart of student loan collections has led to a significant decline in credit scores among young Americans. Credit scores are crucial for accessing loans and job opportunities. Generation Z is particularly affected, with a notable increase in the percentage of young people experiencing substantial drops in their credit scores. The national average credit score has fallen to 714, marking the lowest since early 2020. Overall, young borrowers are facing the most severe impacts, with a higher percentage experiencing significant declines compared to older demographics.
Read at Fortune
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