Denver ranks dead last for average metro credit scores
Why it matters: Credit scores can determine access to loans, housing, better interest rates and more — despite their flaws and biases.
Context: Data compiled by The Opportunity Atlas, a joint project from the U.S. Census Bureau and Opportunity Insights at Harvard University, is based on anonymized information from a major credit bureau.
The data was used to map out the average credit score by county, with the U.S. average of 681.
Zoom in: Denver (671) was last among metro area counties, including Adams (674), Arapahoe (704), Boulder (714), Broomfield (704), Douglas (719) and Jefferson (707).
Caveat: The map shows average credit scores in 2020 by childhood county for people born 1978-1985, making them roughly aged 35-42 at the time of measurement.
The result: a snapshot of people's credit scores based on where they grew up, not necessarily where they lived when the snapshot was taken.
Context: People who grew up in parts of the Upper Midwest and the Northeast tend to have relatively high credit scores in early middle-age, while those from the South tend to have lower scores.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
Dogecoin, XRP Lead Altcoins as Bitcoin Dominance Falls
XRP and Dogecoin led altcoins higher on Friday as Bitcoin's dominance fell to a 12-day low. The Ripple-linked token was recently changing hands around $3.29, a 7.5% jump over the past day, according to crypto data provider CoinGecko. Dogecoin meanwhile jumped 6.2% to $0.22, while Ethereum's price eclipsed the $4,000 mark for the first time since December. Bitcoin's market cap accounted for 57.8% of the crypto market on Friday, down from 61.3% a week ago, according to CoinGecko. Within the past three months, Bitcoin has accounted for as much as 65% of the $3.9 trillion crypto sector—and as little as 57.07%. With each market cycle in Bitcoin's existence, altcoins have experienced a sustained period of outperformance after asset's price peaked, often referred to as an altcoin season. That could happen again, but it likely not to the same degree, Gerry O'Shea, head of global markets insights at crypto asset manager Hashdex, told Decrypt, pointing to structural market changes as a result of exchange-traded funds in the U.S. and corporate buying. 'You have these institutional buyers that are kind of backstopping it at this point,' he said. 'That's not to suggest that we're not going to see a fair amount of volatility with Bitcoin going forward, but I do think it's going to be a lot different than what we've seen in previous cycles.' Previous altcoins seasons have been marked by speculative investments like NFTs, meme coins, or ICOs, but O'Shea said investors could gravitate with projects that put utility front and center because of regulatory progress in the U.S. and the passage of stablecoin legislation. 'Ethereum [and] Solana, the smart contract platforms that provide infrastructure for stablecoins, are obviously demonstrating utility here,' he said. 'I think that could certainly be contributing to Bitcoin's falling dominance.' On Friday, the leading cryptocurrency by market capitalization hovered around $116,000, a 0.1% increase over the past day. And its price was up 96% over the past year. In a Myriad Linea Markets prediction table, nearly two in three participants predict that Ethereum will reach $5,000 by year's end. (Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.) CrediX Team Vanishes as Stability DAO Preps 'Legal Report' The Bitcoin market, in recent weeks, has proved resilient. The asset's price dipped as low as $112,000 last month, despite institutional crypto firm Galaxy Digital executing a $9 billion Bitcoin sale on behalf of a single, Satoshi-era investor. During the company's second-quarter earnings call, Galaxy CEO Mike Novogratz remarked with relief that the sale just happened to take place as Bitcoin-buying firms like Strategy, formerly MicroStrategy, were hoovering up the asset. Bitcoin's falling dominance 'may persist for a while,' but ultimately, 'the tailwinds for Bitcoin just remain incredibly strong, mostly because of the institutional adoption of the asset,' O'Shea said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Yahoo
Rent for less than $1,000 a month? You can find it in these 17 cities.
.oembed-frame {width:100%;height:100%;margin:0;border:0;} Yes, the rent is still too damn high – but there are some places in the United States where you might just find a bargain. A USA TODAY analysis of Apartment List data shows that there are 17 metro areas across the country where the median rent is less than $1,000 per month – well below the national median of $1,402 and a mere fraction of the cost in some of the country's pricier metros. The dearth of affordable housing is having an impact. Researchers at Harvard University's Joint Center on Housing Studies, in an annual report released in June, noted that rental 'unaffordability' had hit an all-time high for the third year in a row. In 2023, there were 22.6 million renters considered 'cost-burdened,' which means that they spend more than 30% of their income on housing and utilities. Meanwhile, 12.1 million households were considered 'severely burdened,' which means those costs eat up more than 50% of their income. High housing costs aren't just being felt in pricey cities and coastal areas. From 2019 to 2023, the share of burdened renters increased in 43 of 50 states, the Harvard report found, and in 89 of the nation's 100 largest metro areas. And the scale of the problem means it's not just poorer households feeling the pinch. In 2023, a whopping 70% of renters earning $30,000 to $44,999 – the 'middle of the income scale,' according to the report – were cost burdened. 'Steady employment also increasingly fails to buffer against the increasing costs,' the report said. More than one-third of cost-burdened renter households were headed by a full-time worker. With all that in mind, there are some places in America that defy the odds and remain deeply affordable. Apartment List data as of July show more than a dozen metro areas across nine states where the median overall rent price for all units (not just for one- or two-bedrooms, in other words) was less than $1,000. To put that in comparison, the most-expensive metro was Hoboken, New Jersey, with a median of $3,603, followed by San Mateo, California, at $3,518. While not everyone has the option of simply picking up and moving, these more-affordable areas may be ideal for Americans who work remotely, or those who have transferable skills. Read next: USA TODAY Apartment Rental Price Report This article originally appeared on USA TODAY: Rent for less than $1,000? You can find it in these 17 cities. Solve the daily Crossword
Epoch Times
19 hours ago
- Epoch Times
Commerce Department Could Take Ownership of Harvard Patents
The federal government is looking into Harvard University's patent rights, Commerce Secretary Howard Lutnick said in an Aug. 8 letter to Harvard President Alan Garber. The Department of Commerce is initiating a 'march-in' process under the Bayh-Dole Act, a federal patent policy allowing recipients of federal funds to retain patent rights over their inventions made with federal funding.
