Scott Rasmussen's Number of the Day for September 27, 2018
The Number of the Day columns published on Ballotpedia reflect the views of the author.
September 27, 2018: The average FICO credit score has risen to a record high of 704. That’s up from a low of 686 following the Great Recession in 2009.[1]
This is consistent with other data showing that U.S. household wealth grew to an all-time high in the second quarter of this year—$106.9 trillion.[2]
Twenty-two percent (22%) of Americans now have scores of 800 or higher. That’s up from 18% in 2009.[1]
Not surprisingly, higher credit scores are found among older Americans. According to Bloomberg News, “The 18-to-29-year-old crowd has an average score of 659; Americans in their 30s come in at 677; those in their 40s are at 690; while 50-somethings reached 713. Americans in their 60s, meanwhile, are flying high with an average FICO score of 747.”
Despite the improvement, one out of every 12 Americans (8.2%) has a bank credit card that is more than 90 days past due. That’s up from 7.7% in April 2017.
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.
- September 26, 2018 – 2,000,000 Americans have severe heart failure
- September 25, 2018 – 4 states have already started voting for midterm elections
- September 24, 2018 – 3,000 cashierless stores planned by Amazon
- September 21, 2018 – 60 percent of U.S. adults underestimate size of personal tax cuts
- September 20, 2018 – 121,965,000 Americans on government health insurance
- To see other recent numbers, check out the archive.
Scott Rasmussen’s Number of the Day is published by Ballotpedia weekdays at 8:00 a.m. Eastern. Click here to check out the latest update.
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Columns published on Ballotpedia reflect the views of the author.
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