Question of the Day: What percentage of young people (18-24) know their credit score?
When it comes to your finances, what you don't know actually CAN hurt you.
Answer: 54%
Questions:
- Have you ever checked your credit score? Why or why not?
- Why do you think fewer young people know their credit score, compared to other age groups?
- Lenders use credit scores to decide whether to loan you money. Why might it be helpful to know your credit score?
Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Experian):
"According to an Experian survey fielded in December 2024 of more than 1,000 consumers, slightly fewer consumers in 2024 could say they knew their credit score versus 2023. Overall, 72% of survey respondents said they had at least a rough idea of their credit score, down from 78% when we asked the same question in 2023."
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Show your students the importance of their credit score using CALCULATE: Impact of Credit Score on Loans.
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NGPF's Managing Credit unit has all the resources you'll need to educate your students on the importance of responsible credit usage.
About the Author
Kathryn Dawson
Kathryn (she/her) is excited to join the NGPF team after 9 years of experience in education as a mentor, tutor, and special education teacher. She is a graduate of Cornell University with a degree in policy analysis and management and has a master's degree in education from Brooklyn College. Kathryn is looking forward to bringing her passion for accessibility and educational justice into curriculum design at NGPF. During her free time, Kathryn loves embarking on cooking projects, walking around her Seattle neighborhood with her dog, or lounging in a hammock with a book.
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