New FICO Study: More Credit Lessons, Less Chemistry in High School Classrooms, Americans Say
A new study by FICO reveals that 60% of Americans, including 50% of Gen Z, believe personal finance is one of the most useful subjects to learn in high school. 79% think personal finance skills should be part of the high school curriculum, yet only 46% say they actually learned these skills in school. The study highlights a significant gap in financial literacy, especially among Gen Z, with 28% not considering themselves financially literate.
Key findings include:
- 74% of Americans believe their financial situation would improve with more personal finance resources and education
- 90% of Gen Z adults think more financial education would improve their situation
- 61% of Gen Z adults believe their credit score fairly represents their financial health
- Only 46% of Gen Z adults have checked their credit score in the past year
FICO offers free resources like the Score A Better Future™ Fundamentals curriculum to address this education gap.
Un nuovo studio di FICO rivela che il 60% degli americani, inclusi il 50% della Gen Z, ritiene che l'educazione finanziaria sia uno dei soggetti più utili da apprendere al liceo. Il 79% pensa che le competenze in finanza personale dovrebbero far parte del curriculum scolastico, ma solo il 46% afferma di aver effettivamente imparato queste competenze a scuola. Lo studio mette in evidenza un significativo divario nella alfabetizzazione finanziaria, soprattutto tra la Gen Z, con il 28% che non si considera finanziariamente esperto.
I risultati chiave includono:
- Il 74% degli americani crede che la propria situazione finanziaria migliorerebbe con più risorse ed educazione in finanza personale
- Il 90% degli adulti della Gen Z pensa che una maggiore educazione finanziaria potrebbe migliorare la propria situazione
- Il 61% degli adulti della Gen Z ritiene che il proprio punteggio di credito rappresenti correttamente la propria salute finanziaria
- Solo il 46% degli adulti della Gen Z ha controllato il proprio punteggio di credito nell'ultimo anno
FICO offre risorse gratuite come il curriculum Score A Better Future™ Fundamentals per affrontare questo divario educativo.
Un nuevo estudio de FICO revela que el 60% de los estadounidenses, incluyendo el 50% de la generación Z, cree que la educación financiera es una de las materias más útiles para aprender en la escuela secundaria. El 79% piensa que las habilidades en finanzas personales deberían formar parte del currículo de la educación secundaria, sin embargo, solo el 46% afirma que realmente aprendió estas habilidades en la escuela. El estudio destaca una brecha significativa en la alfabetización financiera, especialmente entre la generación Z, con el 28% que no se considera financieramente competente.
Entre los hallazgos clave se incluyen:
- El 74% de los estadounidenses cree que su situación financiera mejoraría con más recursos y educación en finanzas personales
- El 90% de los adultos de la generación Z piensa que más educación financiera mejoraría su situación
- El 61% de los adultos de la generación Z cree que su puntaje de crédito representa de manera justa su salud financiera
- Solo el 46% de los adultos de la generación Z ha revisado su puntaje de crédito en el último año
FICO ofrece recursos gratuitos como el currículo Score A Better Future™ Fundamentals para abordar esta brecha educativa.
FICO의 새로운 연구 결과에 따르면 미국인의 60%, 특히 Z세대의 50%가 개인 재무가 고등학교에서 배워야 할 가장 유용한 과목 중 하나라고 믿고 있습니다. 79%는 개인 재무 기술이 고등학교 교육 과정의 일부가 되어야 한다고 생각합니다, 하지만 실제로 이 기술을 학교에서 배웠다고 말하는 사람은 46%에 불과합니다. 이 연구는 재정적 지식의 중요한 격차를 강조하고 있으며, 특히 Z세대 중 28%는 자신을 재정적으로 유능하다고 생각하지 않습니다.
주요 발견 사항은 다음과 같습니다:
- 미국인의 74%는 개인 재무 자원과 교육이 더 많아지면 자신의 재정 상황이 개선될 것이라고 믿고 있습니다
- Z세대 성인의 90%는 더 많은 재정 교육이 자신의 상황을 개선할 것이라고 생각하고 있습니다
- Z세대 성인의 61%는 자신의 신용 점수가 자신의 재정 건강을 적절히 나타낸다고 믿고 있습니다
- Z세대 성인 중 단 46%만이 지난 1년 동안 자신의 신용 점수를 확인했습니다
FICO는 이 교육 격차를 해결하기 위해 Score A Better Future™ Fundamentals 커리큘럼과 같은 무료 자원을 제공합니다.
Une nouvelle étude de FICO révèle que 60 % des Américains, y compris 50 % de la génération Z, estiment que l’éducation financière est l’un des sujets les plus utiles à apprendre au lycée. 79 % pensent que les compétences en finance personnelle devraient faire partie du programme scolaire, mais seulement 46 % affirment avoir réellement appris ces compétences à l’école. L’étude met en évidence un écart significatif en matière de littératie financière, notamment parmi la génération Z, avec 28 % ne se considérant pas financièrement compétents.
Les principales conclusions comprennent :
- 74 % des Américains estiment que leur situation financière s’améliorerait avec plus de ressources et d’éducation en matière de finances personnelles
- 90 % des adultes de la génération Z pensent qu'une éducation financière accrue améliorerait leur situation
- 61 % des adultes de la génération Z estiment que leur score de crédit reflète correctement leur santé financière
- Seulement 46 % des adultes de la génération Z ont vérifié leur score de crédit au cours de l'année écoulée
FICO propose des ressources gratuites comme le programme Score A Better Future™ Fundamentals pour remédier à cette lacune éducative.
Eine neue Studie von FICO zeigt, dass 60% der Amerikaner, darunter 50% der Generation Z, glauben, dass persönliche Finanzen eines der nützlichsten Fächer sind, die man in der High School lernen kann. 79% denken, dass Fähigkeiten im Bereich persönliche Finanzen Teil des Lehrplans der High School sein sollten, doch nur 46% sagen, dass sie diese Fähigkeiten tatsächlich in der Schule gelernt haben. Die Studie hebt eine signifikante Lücke in der finanziellen Bildung hervor, insbesondere unter der Generation Z, mit 28%, die sich selbst nicht als finanziell versiert betrachten.
Wesentliche Ergebnisse umfassen:
- 74% der Amerikaner sind der Meinung, dass sich ihre finanzielle Situation mit mehr Ressourcen und Bildung im Bereich persönliche Finanzen verbessern würde
- 90% der Erwachsenen der Generation Z denken, dass mehr finanzielle Bildung ihre Situation verbessern würde
- 61% der Erwachsenen der Generation Z glauben, dass ihre Kreditwürdigkeit ihre finanzielle Gesundheit fair darstellt
- Nur 46% der Erwachsenen der Generation Z haben ihren Kredit-Score im vergangenen Jahr überprüft
FICO bietet kostenlose Ressourcen wie das Curriculum Score A Better Future™ Fundamentals an, um diese Bildungsgegap zu schließen.
- 60% of Americans believe personal finance is one of the most useful subjects to learn in high school
- 79% think personal finance skills should be part of the high school curriculum
- FICO offers a free credit education curriculum called Score A Better Future™ Fundamentals
- FICO provides resources to help people enhance their financial literacy and understand credit
- Only 46% of Americans say they actually learned personal finance skills in their high school classroom
- 28% of Gen Z adults do not consider themselves financially literate
- 25% of Gen Z adults say lack of personal finance skills prevented them from achieving financial goals
- 21% of Gen Z adults lack tools or knowledge to understand and manage their credit score
Insights
This study reveals a critical gap in financial education, particularly for younger generations. 79% of Americans believe high schools should offer financial education, yet only 46% received such instruction. This disconnect highlights a significant market opportunity for financial literacy programs and tools.
The data showing 28% of Gen Z not considering themselves financially literate is concerning, especially compared to older generations. This lack of confidence could impact their financial decision-making and potentially their use of credit products, which is important for FICO's business model.
The strong desire for financial education, with
While not directly impacting FICO's immediate financial performance, this study positions the company as a thought leader in financial literacy, which could enhance brand value and potentially lead to increased adoption of FICO scores and analytics products in the long term.
The study's findings have significant implications for FICO's market strategy and product development. With
The generational differences in financial literacy, particularly Gen Z's lower confidence, suggest a need for targeted educational products. This could drive innovation in FICO's consumer-facing offerings, potentially leading to new revenue streams or partnerships with educational institutions.
The data showing that
While this study doesn't directly impact FICO's current financial performance, it provides valuable insights for strategic planning and product development, potentially influencing long-term growth and market positioning.
Most Americans Think Their Current Financial Situation Would Improve If They Had Access to More Personal Finance Resources and Education
Highlights:
-
Most Americans (
79% ) think high schools should offer financial education. -
More than one in four (
28% ) members of Gen Z do not consider themselves financially literate; significantly higher than Millennials (20% ), Gen X (19% ) and Baby Boomers (10% ). -
74% of Americans think their current financial situation would improve if they had access to more personal finance resources and education.
Move over Bunsen burners and ancient civilizations, adults in the
A new study by global analytics software leader FICO found that 3 in 5 Americans (
Nearly three in five Americans (
“Those gaps help explain why financial literacy remains a long-standing challenge,” said Jenelle Dito, senior director of Client Services at FICO. “We found that more than one in four members of Gen Z does not consider themselves financially literate. That’s significantly higher than members of the Millennial (ages 28-43), Gen X (ages 44-59) and Baby Boomer (ages 60-78) generations.”
“It’s particularly alarming considering that Americans almost universally believe financial literacy is important for achieving financial stability and that access to more education could help them improve their current financial situation. Yet, a quarter of Gen Z adults say a lack of personal finance skills has prevented them from achieving their financial goals over the past year,” she added.
Nearly all (
Credit Education is a Missing Link for Gen Z
Understanding how credit scores work was cited by Gen Z adults as one of the most important financial literacy skills (
While nearly two-thirds of Gen Z adults (
“Ensuring today’s youth have access to resources to gain practical knowledge and life skills is paramount to their future success,” said Sally Greenberg, CEO, National Consumers League (NCL). “Personal finance education, including around credit, is critical to fostering the next generation of secure consumers.”
Closing the Credit Education Gap
“More state legislatures are requiring schools to incorporate financial literacy education into their curriculum, which is an important step in the right direction,” Dito said. “FICO understands that there is much more work to be done. We remain committed to expanding awareness of the tools and programs that exist to address this gap.”
While FICO’s survey found a slight majority of Gen Z adults (
To that end, FICO offers a free credit education curriculum called Score A Better Future™ (SABF) Fundamentals that educators can use to teach their students how to make informed credit decisions that can last a lifetime.
FICO has a longstanding commitment to empowering people and economies through financial literacy. In addition to this curriculum and live SABF Fundamentals workshops, FICO provides resources to help people enhance their financial literacy, understand credit, and make empowered decisions. This includes in-person and webinar workshops, credit education materials and tools, as well as the myFICO website and app that enable consumers to check and monitor their FICO® Score for free.
For more information about FICO’s credit empowerment programs, visit https://www.fico.com/empowerment.
Methodology
This survey was conducted online within
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by
Learn more at https://www.fico.com/en.
Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/.
For FICO news and media resources, visit https://www.fico.com/en/newsroom.
FICO and Score A Better Future are trademarks or registered trademarks of Fair Isaac Corporation in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240924403204/en/
Julie Huang
press@fico.com
Source: FICO
FAQ
What percentage of Americans think high schools should offer financial education according to the FICO study?
How many Gen Z adults do not consider themselves financially literate based on FICO's research?
What percentage of Americans believe their financial situation would improve with more personal finance resources?
What free resource does FICO offer to educators for teaching credit education?
