 TITLE: Millennials Record Highest Credit Score Increase in 2020 CONTENT: Silent Generation Only One That Decreased Overall Debt\n------------------------------------------------------\nThe silent generation—the oldest age group in our analysis, consisting of Americans 75 and older—saw the least significant change of any generation since the onset of COVID-19. Given their age and pattern of shrinking debt, it comes as no surprise that the generation would appear more resistant to economic changes during the pandemic.\n**_From Q3 2019 to Q3 2020_**:\n*   The silent generation's average total debt balance decreased by 4%.\n*   The silent generation's average FICO® Score grew by two points.\n**_From Q1 2020 to Q3 2020_**:\n*   The silent generation's average total debt balance decreased by 2%.\n*   The silent generation's average FICO® Score grew by one point.\nThough members of the silent generation appear to have continued their momentum of reducing their debt over many years, nearly half of the reduction in balances seen since 2019 happened between Q1 2020 and Q3 2020, according to Experian data.\nOf the 4% reduction the generation saw in average total balance in 2020, 2% of this occurred from Q1 to Q3 2020. Compared with 2019, the silent generation also reduced debt at a higher rate. Between 2018 and 2019, these consumers reduced their average total balance by 3%.\nSource: Experian END