@Anonymous wrote:
@Horseshoez wrote:
@indiolatino61 wrote:What a nice and unexpected surprise for you after your great vacation. Iceland sounds like a real adventure.
I was there a half-dozen times back in the 1980s, back before anybody had really discovered it; it was very different this time around, still wonderful, but prices were sky high. All in all, a great trip.
Columbus found Iceland in like 1989 right ? My memory of history is sketchy these days.
Close, according to the ancient manuscript Landnámabók, the settlement of Iceland began in 874 CE, when the Norwegian chieftain Ingólfr Arnarson became the island's first permanent settler. That said, due to the prominent statue of Leif Eriksson in Reykjavik, many folks believe he originally discovered Iceland. 
@Horseshoez wrote:Too funny, I applied a few years ago for a SavorOne (now just called a Savor); I had a substantial income a fair amount of credit in the form of credit cards, zero debt, and credit scores all in the 800s; they saw fit to give me a $2,000 starting limit.
I just had a similar experience with Alliant CU, 7 months ago.
Have pension income, social security, rental income, and required minimum distributions from retirement accounts. I only use my pension income (~170k year) on applications, easy to scan a few months statements and be conservative with numbers. Like you 830 Fico's, long history, house, cars, etc all paid off.
Gave me a $10k CL. Usable but was a shock, almost all my new cards a few year ago started at ~20k. My 30+ year old CU card gave me 11k, when I got the card. I started thinking and credit issuers know both your age and that income is from category "Retired", I believe they start reducing starting CL's because of ones age and being retired.
Sure W2 v self employed also have some hurdles
No real evidence just me jumping to conclusions. 
@Kforce wrote:
@Horseshoez wrote:Too funny, I applied a few years ago for a SavorOne (now just called a Savor); I had a substantial income a fair amount of credit in the form of credit cards, zero debt, and credit scores all in the 800s; they saw fit to give me a $2,000 starting limit.
I just had a similar experience with Alliant CU, 7 months ago.
Have pension income, social security, rental income, and required minimum distributions from retirement accounts. I only use my pension income (~170k year) on applications, easy to scan a few months statements and be conservative with numbers. Like you 830 Fico's, long history, house, cars, etc all paid off.
Gave me a $10k CL. Usable but was a shock, almost all my new cards a few year ago started at ~20k. My 30+ year old CU card gave me 11k, when I got the card. I started thinking and credit issuers know both your age and that income is from category "Retired", I believe they start reducing starting CL's because of ones age and being retired.
Sure W2 v self employed also have some hurdles
No real evidence just me jumping to conclusions.
I'm well past retirement age, but I'm still working; not sure if that is factoring into my recent applications or not. I made two applications last year on the same day, first card, a $30,000 starting limit, second card an $8,000 starting limit.
I'm a late Gen Xer, not quite Millenial at 46. I like to think of myself as part of the Oregon Trail generation (I'd say those born from roughly 77-83ish). We didn't have all this technology off the bat as kids, but technology was rapidly changing as we grew up. I remember having an Atari 2600 as a young child, the first PC we got when I was 9 (it had a 286 with 640k RAM, a 20MB HDD and a 16 color EGA monitor), getting dialup internet when I was 19, and my first cell phone at 20 (mom already had one for a few years). Towards the end of college night and weekend minutes were a big deal so I made almost all my calls after 8pm
@Realist wrote:
@indiolatino61 wrote:I will be 64 in November, 2025. I recently had a conversation with my 21-year old grandson and was shocked to find how little he knew, or even cared about finances, credit and debt. He will be graduating from college this year and it seems that his lack of financial knowledge is common among his friends. So, it made me curious as to how old we MyFICOans are getting. Are there any "youngsters" here...lol? I went to college what seems to be eons ago, and even then, I do not remember ever being taught anything related to daily living finances and managing debt responsibly. As a guess, I would say the average person here are in their 40's. How far away am I...lol?
40's like you estimated. If my FICO score disappeared I'd be set.
Raised a number of youths including my children into a stupidly great FICO status, the world is their oyster. They will never need, if they protect it. Now I get otherly stupid "type" nonsense that late teens and young twenties toss my way. Crap we didn't get when we were young.
These kids never cease to find something to complain about, even when life is placed on easy mode. <- there lies the problem.
I hate to say it, but soft times make for weak people. There's an entire pattern to that. Hard times make for a strong people.
We are a bit outside of strong people.
You are quite right. It's a delicate balance in raising children with just the right amount of assistance. Just enough to make their journey easier, but not so easy as to become entitled or lazy. In todays zeitgeist, everyone is offended by everything, something that did not exist in my youth.
I applaud you, sir. It's fantastic to see when parents are doing right by their children. I see you also lead by example, which is very important. "Do as I say, not as I do" is very ineffective, especially with today's youth. Best of luck to you and your family.
I am 28 (on the cusp of Millennial and Gen Z) and got my first card at 22. Before then, I never thought about credit. I learned about building and responsibly using credit and becoming financially literate on my own through YouTube and these forums. My parents did not teach me about credit. I have made the determination that the majority of Americans are financially illiterate and personal finance should be taught in high school especially since Americans collectively carry over a trillion dollars in revolving credit card debt. I am likely well ahead of my peers when it comes to financial literacy.
