93% of millennials are aware of their credit score, according to Discover’s Credit Health survey

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. About nine in 10 (93%) millennials (ages 18 to 34, according to this survey) know their credit score[1], which is a huge jump from 57% in 2017.

This increased awareness can be attributed to the numerous tools available that make checking your credit score so accessible, Stefanie O’Connell, personal finance expert, tells CNBC Select[2].

Additionally, she says that many millennials are coming of age and need to check their credit for major milestones, such as renting an apartment or taking out a lease.

In comparison, 79% of Gen X (ages 35 to 54) and 73% of boomers (55 and older) 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 (78%), compared to just 52% of Gen X and 35% of boomers.

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