Affluent Savvy
Affluent Savvy
Photo: Edward Eyer
The vast majority of consumers with an 850 FICO® Score are of the older generations, baby boomers and the silent generation. Those under age 57 in 2021—Generation X, millennials and Generation Z—only represented 27% of the perfect 850 class.
Practicing affirmations can activate the reward system in your brain, which can have an impact on the way you experience both emotional and...
Read More »
Those types are determined by the number of weeks of pregnancy: Early stillbirth: The fetus dies between 20 and 27 weeks. Late stillbirth: The...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »An 850 FICO® Score☉ can be likened to a perfect game of bowling. It doesn't necessarily mean you're ready for the pro tour, but someone who can bowl a perfect game (12 strikes in a row) is obviously doing something right. And despite the somewhat whimsical comparison, a perfect game of bowling and a "perfect" credit score of 850 have at least a few things in common, such as the need for consistency and discipline. Nonetheless, there are excellent bowlers who've never quite managed a 300 game. An 850 FICO® Score isn't as uncommon as you might think. Statistically, there's a good chance you've attended a wedding, conference, church service or other large gathering with someone who has a perfect score. As of the third quarter (Q3) of 2021, 1.31% of all FICO® Scores in the U.S. stood at 850. Experian analyzed data from Q3 2021 to highlight the characteristics of U.S. consumers who held an 850 score. Here's what those consumers have in common. Perfect Score vs. Average Score: Credit Profiles People with perfect FICO® Scores carry debt—they just tend to do so differently from those further down the scoring scale. For example, U.S. consumers with perfect scores have more tradelines (credit products on their credit reports) than average and carry more credit cards than the national average while owing less. U.S. consumers with an 850 FICO® Score owed less than half the U.S. average: $2,558 on average compared with the national average of $5,221. However, the 850 FICO® Score club holds more debt with some types of credit than the population at large. For instance, the average personal loan balance (both secured and unsecured loans) was $32,872, nearly twice the average balance of $17,064 overall. Characteristics of Consumers With 850 FICO® Scores Average for All Consumers Average for Consumers With an 850 FICO® Score FICO® Score 714 850 Number of credit cards 3.9 5.9 Credit card balance $5,221 $2,558 Number of retail credit cards 3.0 4.2 Retail credit card balance $1,046 $182 Auto loan balance $20,987 $17,074 Personal loan balance $17,064 $32,872 Mortgage balance $220,380 $205,057 Non-mortgage balance $21,539 $16,482 Total tradelines ever delinquent 1.8 0 Source: Experian; data as of Q3 2021 Which Generation Is Most Likely to Have a Perfect FICO® Score? The vast majority of consumers with an 850 FICO® Score are of the older generations, baby boomers and the silent generation. Those under age 57 in 2021—Generation X, millennials and Generation Z—only represented 27% of the perfect 850 class. Perfect 850 FICO® Scores by Generation Length of credit history is a factor in determining your credit score, and although there may be a few exceptions, there's not much consumers can do to extend their credit history besides remain patient and let it happen naturally. Keeping your credit report blemish-free and continuing to extend the length of your credit history are two main ways to eventually reach the elusive 850. Income, on the other hand, is not a credit scoring factor. Those who make more money are not necessarily more likely to have a perfect credit score, according to our analysis. Hawaii Has the Highest Concentration of People With Perfect FICO® Scores by State Exactly 2% of Hawaiians had a FICO® Score of 850 in 2021, a greater percentage of consumers than any other state. The demographics of migrants to the 50th state are similar to the characteristics of a typical consumer with excellent, or even perfect, credit: A significant population of retirees relocate there annually, which requires a certain level of financial security. Looking at perfect FICO® Scores by state, Hawaii had the highest concentration of consumers with 850 scores at 2% in 2021. Mainland states that followed were Minnesota, where 1.87% of people had an 850 FICO® Score, then Connecticut and Maryland, both with 1.78% of borrowers achieving the perfect FICO® Score. Virginia had the fifth-greatest percentage of 850 FICO® Scores, at 1.74%. Percent of Consumers With an 850 FICO® Score by State
The reason for this sudden spike in rodent activities during the cold months is that mice and other rodents are scrambling to get inside homes for...
Read More »
Instagram is also directly paying some influencers through incentive programs like "Bonuses" for Reels, which requires at least 1,000 views on...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »Among Metro Areas, Look to the Golden State for Perfection Metropolitan statistical areas (MSAs) in California account for four of the top 10 MSAs with the highest percentage of perfect scores in their populations. While that list includes smaller, wealthier enclaves such as Santa Rosa, in the heart of wine country, it also includes very large metros, such as the Bay Area. More than 1 in 50 consumers had a perfect 850 credit score in the San Francisco-Oakland MSA. (By comparison, in Denver, a similarly large metro, 1.49% of consumers had an 850 FICO® Score, a percentage more consistent with the national average.) Other standout metros include Honolulu; Corvallis, Oregon; Minneapolis and Washington, D.C. Top 10 MSAs With the Highest Concentration of Perfect FICO® Scores
Birds. It comes as no surprise that birds are a significant threat to spiders of virtually all kinds, except perhaps the extremely large spiders,...
Read More »
You can get arrested for illegal transferring of monetary funds at any moment. Feb 18, 2021
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »FICO® is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.
What makes a woman memorable to a man is the appreciation she shows her guy for putting effort into making him happy or towards achieving...
Read More »
ALL liquids must be taken through security in a clear polythene bag no larger than 20cm by 20cm. These are normally available for free at airport...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »
The origin of the word "gopher" is uncertain; the French gaufre, meaning waffle, has been suggested, on account of the gopher tunnels resembling...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »
Sleeping with your head pointing North can also disrupt your blood circulation and lead to disturbed sleep. In order to prevent such a scenario, it...
Read More »