Gen Z credit performance got better across all delinquency levels over the past year, with serious delinquency falling 11 basis points to 2.75 percent, the strongest YoY improvement of any generation.
The group still posts the highest delinquency rate, which TransUnion linked to shorter credit histories and lower scores.
Just 19.9 percent of Gen Z consumers rank as super prime, against 42.2 percent of the total population, leaving room for scores to rise as these borrowers mature.
Canada’s credit market is steadying and starting to normalize, Fabian said.
Gen Z carries the highest delinquency rates of any generation but has improved its credit performance faster than the rest over the past year, he said, calling it “the strongest year-over-year improvement.”
