Jan 31, 2024

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

In the generational race for the best credit, who has the high score?

Answer: 680

An illustration of a person using a credit card at the checkout counter of a store.

Questions:

  • What is a credit score and why is it important?
  • What factors might contribute to average credit scores increasing with age?
  • What are some habits you can implement now to build or maintain a good 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 (CNBC):

"In the U.S., the average credit score is 716, per Experian’s latest data from the second quarter of 2023. 

And when you break down the average credit score by age, the typical American is hovering near or above that score.

For members of Gen Z, defined as those between 18 and 26, the average credit score is 680, according to Experian. Meanwhile, the average credit score for people 78 or older, categorized as the silent generation, is 761 — the highest of the generational cohorts."

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Check out the Managing Credit unit to find lessons, activities, and other resources.

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About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.

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