Busch joins FICO's credit education workshop to raise awareness of the importance of financial literacy for teens

Highlights:

• A recent FICO survey finds that 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%).

• 90% of Gen Z young adults state that their current financial situation would improve if they had access to more personal finance resources and education, FICO survey reports.

• FICO offers a free credit education curriculum called Score A Better Future? (SABF) Fundamentals that educators can adopt to help teach their students how to make more informed credit decisions.

LAS VEGAS, October 03, 2024--(BUSINESS WIRE)--Global analytics software leader FICO will host a full day of Score A Better Future? (SABF) Fundamentals free credit education workshops for students at Durango High School in Las Vegas, Nevada on October 18. Richard Childress Racing’s No. 8 FICO Chevrolet driver and two-time NASCAR Champion, Kyle Busch, will visit his alma mater and participate in a SABF Fundamentals workshop, helping to inspire students to learn more about finances, credit, and FICO^? Scores. The free educational information provided at the event will help empower students with the knowledge, tools, and resources to gain a deeper understanding of personal finance and how to work toward financial independence.

SABF Fundamentals is designed to bridge the financial literacy gap in the U.S. A recent Harris Poll survey commissioned by FICO found that 3 in 5 Americans (60%), including 50% of Gen Z (ages 18-27), believe personal finance is one of the most useful subjects in adulthood that can be taught in high school. A quarter (25%) of Gen Z feel a lack of personal finance skills has prevented them from achieving financial goals over the past 12 months. Many Gen Z (43%) also believe that banks and financial institutions should be most responsible for educating people on how to manage their finances, such as using credit responsibly, managing debt, and saving for retirement.

"Nearly four in five Americans (79%) think personal finance skills should be part of the high school curriculum. At FICO, we are working diligently to partner with schools across the nation to help equip students with the important financial education tools and resources they need for adulthood," said Jenelle Dito, senior director of Client Services at FICO.

WHO: FICO, Richard Childress Racing, and two-time NASCAR Champion Kyle Busch