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Home » Credit Characteristics of Applicants Vary by Age
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Credit Characteristics of Applicants Vary by Age

July 8, 2016
Younger loan applicants tend to have worse credit characteristics, but they also have more potential for higher earnings, according to a new analysis by CoreLogic. The firm recently provided details on the characteristics of loan applications by Millennials (born 1981 to 1997), Generation X (1965 to 1980), Baby Boomers (1946 to 1964) and the Silent Generation (1928 and 1945). The data covered loan applications in March, April and May. Generally, the younger applicants ...
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