Millennial and Gen Z credit scores are the latest sign of the ‘vibecession.’ Their credit scores will keep going up, Open Lending, TransUnion report shows

Credit scores have long been viewed by critics as arbitrary—mostly because there are so many factors that affect them—and some people even view them as discriminatory. Yet they’re a necessary evil to get what Americans want most: homes, cars, and lower insurance rates. 

It can take years to build a robust credit file needed for what’s considered a “good” score (above 700), which many young consumers don’t have. But a report by Open Lending and TransUnion, one of the major credit reporting agencies...