58% of Millennials in U.S. have been denied at least one financial product
Topics: MILLENNIALS U.S. FINANCIAL
In comparison, a combined 35% of Gen X (ages 39-54), Baby Boomers (ages 55- 73) and the Silent Generation (ages 74+) have been denied the same.
Among all U.S. adults who reported their experience with credit denials, 41% have been denied a financial product due to their credit score.
Confidence notably increases with age, with only 25% of Gen Z (ages 18-22) being very confident they know their scores.
43% of Millennials are very confident that they know their score compared to a combined 54% of older generations (Gen X, Baby Boomers and the Silent Generation).
On average, 49% of Americans across all age groups are very confident they know their credit score.
When it comes to recognizing the importance of their credit score, 53% of women say their score is very important to them while just 44% of men feel the same way. ■