Aug 23, 2022

Question of the Day: What percentage of young people (age 18-24) have never checked their credit score?

When it comes to your finances, what you don't know actually CAN hurt you. 

Answer: 38%


  • Have you ever checked your credit score? Explain why or why not.
  • Why do you think such a greater number of young people have never checked their credit score compared to all other age groups?
  • Credit scores are a factor considered by banks when deciding whether or not to loan money. What are some purchases you foresee making in the future for which it would be beneficial 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 (from Lexington Law):

"How much damage can a bad credit score really cause? A 2020 survey suggested that individuals who take out an auto loan of $25,346 with a “fair” credit score could pay up to $3,847 more interest than a person with a “very good” credit score taking out the same loan.

Similarly, someone with a “fair” credit score may pay $8,640 in interest for a student loan, but another student with a “very good” score might only pay $3,933 interest for the same loan."


Show your students the importance of their credit score using CALCULATE: Impact of Credit Score on Loans.


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

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

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