Feb 26, 2023

Question of the Day: What’s the average credit score for Gen Z?

It's only a number but an important one at that. Hint: The sum of the three numbers in the answer add up to 22. 

Answer: 679


  • Why are credit scores important?
  • What factors affect one's credit score?
  • Why do you think Gen Z may have low credit scores relative to older generations? What might be some of the reasons?

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Experian):

Scores increased in all age groups. And for the first time, the average FICO® Score of Generation X (ages 41 through 56 in 2021) is in the 700s.

The average score of millennials and Generation X both increased seven points from 2020 to 2021. The youngest consumers in Generation Z increased scores by five points, and the average score of baby boomers increased four points. The silent generation—the cohort with the best average credit score—increased two points.


Check out the NGPF Unit: Managing Credit to find Lessons, Activities, and other resources


Wondering what all the fuss about Chat GPT is about? Learn more at this upcoming NGPF virtual PD on Wednesday (3/1): Using Chat GPT in your personal finance classroom. 

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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