Most Australians consider themselves financially responsible when it comes to paying bills and sticking with a budget. But are we really that good with our money? Credit data analytics company Veda has released its latest findings on this matter and worked out the average credit score for different generational groups.
The Veda Australia Credit Score combines an analysis of more than two million credit scores with the consumer research of 1000 Australians to find out the money habits of consumers. It showed the average VedaScore for Australians is 757, which is considered a good score.
Unsurprisingly, Millennials scored lower in general, with an average VedaScore of 712; this is the only age group to score below the national average.
You can find out more in the infographic below.