Millennials have a reputation for not being the most savvy with their finances, but Discover's annual Credit Health survey found they're the generation most aware of their credit score.
In comparison, 79% of Gen X and 73% of boomers are aware of their credit score. Millennials are also the most likely to believe their credit standing has an impact on their day-to-day life , compared to just 52% of Gen X and 35% of boomers. When it comes to actually checking their credit score, 82% of respondents said they checked it at least once in the last year, up from 72% in 2017.on a regular basis for several reasons. For starters, checking your score can make you aware of any possible fraud on your account. If you see a drastic dip in your score, it may indicate that someone opened an account in your name or stole your card number.
Monitoring your score can also help you track progress when building credit. More than half of respondents said they are actively trying to improve their credit. You can
Source: Healthcare Press (healthcarepress.net)
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