It turns out that, according to a recent survey conducted by the credit reporting bureau, Experian, the Millennial Generation (18-32 years old) knows far less about credit and how to manage their finances than they think they do. On one part of the survey Millennials were asked how confident they were about their credit knowledge and their credit scores. This generation consistently and across the board overestimated their knowledge as well as their scores.

In fact, very few, if any, of the Millennials understood how their credit scores are established and evaluated. In all fairness to the Millennials, few people from any of the other generations really know what goes in to evaluating a credit score, according to USA Today. Most Millennials thought their credit score was in the 650’s but almost all of them woefully overestimated their score.

The Millennial Generation currently stands at about 80 million members, making it the largest such generation in the history of The United States. Because of this, many businesses and industries continue to fund marketing research to tell them more about this elusive generation. The one thing that does reflect in the survey is how overconfident the Millennial Generation is.

Experian talked with 1,000 member of the Millennial Generation and found that, more than any other generation, they have the technology tools to get a handle on their finances by too many know too little about credit and how to handle personal finances. While they leap at the chance to check out a new technology product, they lack loyalty to a particular product and are always waiting for the next new innovation to come along.

Most of them don’t feel overly concerned about their finances because they see their futures as being rather bright. This generation also checks the status of their credit and credit scores far less than any of the other generations because of their overconfidence in their knowledge and abilities.