Credit Report Report

Experian just released its eighth annual State of Credit report which shows 36% of Americans have at least one account in collections—and one generation is late more than others: millennials. This episode of Experian's Credit Report Report dives into the data and shares tips for keeping those payments on track. Learn more at experian.com/education. Nearly half of all millennials are 90 days behind on at least one of their bills—but members of Generation X are right on their heels. Generation Y, also known as millennials, come in well above the national average with 44% having at least one account in collections. But 43% of Gen Xers are in the same predicament—despite generally earning more and having been in the workforce longer. Baby Boomers seem to be more responsible with their money, with only 30% having an account in collections, while Americans born before 1946—a.k.a. the Silent generation—is best of all, at 18%. Generation Z—adults born after 1995—seem more responsible with only 19% carrying a collecti