Average US Credit Scores Decline for First Time in 10+ Years, Flagging Economic Concerns

FICO reported the average national credit score of Americans declined for the first time in over a decade, concerning one expert about economic uncertainty.

Warning signs like high debt, financial sacrifices, and delinquencies indicate increasing consumer stress.

The expert attributes some stress to the pandemic and societal shifts in attitudes about finances.

Many resort to credit cards without long-term repayment plans, risking bankruptcy.

The expert says self-care includes caring for your future self via your credit score.