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Baby boomers have more credit confidence than younger generations, according to a Wells Fargo survey. The bank’s “How America Buys and Borrows” asked boomers (age 49 to 65), Gen Xers (age 33 to 48) and millennials (age 18 to 32) about how strongly they agreed with the following statement: “I am proud of my credit.”
While 26 percent of boomers said they strongly agreed, just 15 percent of Generation X and 16 percent of millennials said the same. Boomers were also most likely to strongly disagree with the statement, “I am concerned about my credit score.”
Overall, the survey revealed an increased focus on credit across generations. Nearly 60 percent of Americans have checked their credit scores or reports in the past year.
The graphic below shows, by generation, the percentage of survey participants who take pride in their credit.
See related:Credit to their generations: How ‘Greatest’ generation, boomers, Gen Xers and Millennials view credit, More infographics
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