Answer (hat tip to Sarah Tavel of Greylock again): Only 37%. 

_________

Check out this NGPF Activity in which students are given consumer profiles and asked to determine whether or not they should get a credit card. Also, this NGPF Case Study: Tale of Two Credit Scores provides students with information on alternative ways to establish a credit history.

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.

More posts by Tim