Question of the Day: What’s the average credit score for 18- to 24-year-olds?

Mar 16, 2020
Question of the Day, Credit Reports, Credit Scores

Answer: 630


  • Why are credit scores important?
  • Why do you think 18- to 24-year-olds have the lowest credit scores?
  • What is the relationship between age and credit score in this chart?
  • Why do you think this relationship exists? What might be some of the reasons?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Credit Karma):

Our Credit Trends show you how you compare to other Credit Karma members. See where you stand and compare credit scores by state, age and email domain...Based on our data, there is a clear relationship between age and average credit scores. Generally speaking, younger consumers have lower credit scores on average.


FICO recently changed their credit score methodologies. Find out in this FinCap Friday: Credit Crunch




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.