Credit scores were introduced in '89.

@nateloans

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SoundTikTok sound · original sound - hoop.demon_d1

Why it worked

The video likely resonated due to its provocative statement about generational wealth and housing accessibility, tapping into a common societal discussion and potentially sparking debate.

Summary

The video discusses the historical introduction of credit scores in 1989 and how the average Baby Boomer was 35 at the time, implying they bought homes before credit scores became a significant factor. The creator suggests this allowed them to 'pull the ladder up behind them'.

Structure

1Introduction of credit scores in '89
2Average Boomer age at introduction
3Home buying before credit scores
4Implication of 'pulling up the ladder'

On-screen text

Credit scores were introduced in '89. The average Boomer was 35 which means many of them already bought their first homes before the imaginary three digit number made such a huge impact on everyone's lives. They really did pull the ladder up behind them