 TITLE: Millennials Record Highest Credit Score Increase in 2020 CONTENT: Baby Boomers Increase Total Debt Balance, After Reducing It in 2019\n-------------------------------------------------------------------\nOf all generations, baby boomers saw the least change in their credit reports between 2019 and 2020. That said, they did buck a yearslong trend by increasing their total debt.\n**_From Q3 2019 to Q3 2020_**:\n*   Baby boomers' average total debt balance increased by 1%.\n*   Baby boomers' average FICO® Score grew by four points.\n**_From Q1 2020 to Q3 2020_**:\n*   Baby boomers' average total debt balance increased by 2%.\n*   Baby boomers' average FICO® Score grew by three points.\nFrom 2018 to 2019, baby boomers saw their total average debt decrease by 2%, according to Experian data. That was typical, as baby boomer debt has decreased each year since 2012. But in 2020—specifically between Q1 and Q3—baby boomer debt increased.\nIn line with past years, between Q3 2019 and Q1 2020, baby boomers reduced their average total debt by 1%—from $96,448 to $95,539. From Q1 2020 to Q3 2020, however, this pattern of decline reversed course and members of the generation saw their total debt balance increase to $97,290, a growth of nearly 2%.\nSource: Experian\nThis shifting pattern indicates that something during the pandemic may have caused a deviation from baby boomers' normal trajectory of reducing total debt each year. Credit report data shows that unlike between 2018 and 2019, when debt levels saw no growth year-over-year, baby boomers increased their average auto debt (+2%) and mortgage debt (+2%). END