Gen Z Credit Scores Decline Due to Economic Pressures

Imagine a credit score like a grade for how well you manage money.

Lately, the grades for young adults (Gen Z) in the US are going down.

This is because things like rent and food are getting more expensive, making it harder to pay back loans and credit cards.

Many young people also have student loans they are still paying off.

When bills are late or not paid, it lowers their credit score.

A lower credit score can mean it's harder to get a loan for a house or car in the future, or that the loans will be more expensive.