The average American's credit score hit a record high in April, according to recent FICO data. Up about one point from last fall, the average score hovers around 700 — the highest it's been since at least 2005, when FICO first started tracking the data.
Additionally, the share of consumers with subprime credit scores below 600 fell to a new low of about 40 million, or about 20 percent of U.S. adults who have FICO scores. This number is down from its peak of 25.5 percent of consumers in 2010.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
The week's best photosFeature A Ukrainian soldier calls home after being released from Russian captivity near the Ukrainian-Belarusian border
-
Reporter on leave over alleged RFK relationshipSpeed Read New York magazine political reporter Olivia Nuzzi admitted to having a personal relationship with her subject
-
Hezbollah vows revenge for Israel pager bombsSpeed Read Hassan Nasrallah said Israel will be punished for explosive attacks; meanwhile, Israel carries out more strikes
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
-
Reddit IPO values social media site at $6.4 billionSpeed Read The company makes its public debut on the New York Stock Exchange
-
Housing costs: the root of US economic malaise?speed read Many voters are troubled by the housing affordability crisis
-
Feds cap credit card late fees at $8speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
