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Oct 16, 2019

QoD: Order these based on which are most to least important to millennials: Instagram likes, credit scores, YouTube followers.

Hat tip to Beth Tallman for sharing this press release that led to this question of the day. 
 
Answer:
  • Credit Scores (59%)
  • Instagram followers (48%)
  • YouTube followers (40%)

Here's the complete results:

 Questions:
  • Why is it important to increase your credit score? 
  • Looking at the list in the chart above, which of these ratings/scores will have a financial impact?
  • Why do you think that so many people would place higher value on increasing their social media likes compared to their credit score? Which is more visible to their friends/peers?
Behind the numbers (Experian): 
 
 While social media and online numbers command millennials' constant attention (19 percent say it's an obsession), 49% of those surveyed believe a credit score impacts their life the most. Fifty-nine percent of survey respondents worry about their credit scores and 52% would be disappointed if the scores went down.
 
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Check out more credit activities on our Managing Credit unit page. 
 
 
 
 
 
 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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