Quote:
Originally Posted by drowe531
Generalizing younger people, we aren't all in this category. Actually for my age (24) I probably know more about credit scores then a good majority of people. However I do agree that there are a lot of people young and old that don't understand basic finance and credit at all. I'm very much for teaching some basic finance at the high school level.
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The next lesson is then that after a certain point, credit scores don't mean squat. The public emphasis on them is drawn out by the finance industry to encourage people to care so much about their credit score to actually spend additional money on credit to inflate an otherwise meaningless number.
In other words, for someone who earns a reasonable income, pays any debts on time, and manages their finances halfway intelligently, their credit score will be a-ok without them thinking a whit about it. Spending any extra money with the justification "I could pay less, but this will help my credit score", is someone who still hasn't figured things out.