While it may seem like a lot of young folks would trade anything to be TikTok famous, it turns out that may not be true. In fact, a new poll suggests many would rather feel secure in their finances than be a social media star.
Talker reports that a new survey of 500 Gen Zers and 500 millennials finds that given the choice, 92% would rather have a credit score of 750 or higher than 50,000 followers on TikTok, while only 9% want the followers.
But it turns out while they may be concerned about their credit score and their finances, not too many are all that knowledgeable about either subject.
While 65% of respondents say they feel in control of their credit score, 42% describe their knowledge of how credit scores work as “average to poor.” And another 33% believe that their score could change just by checking it.
When it comes to their finances, 82% feel like they can’t keep up with the spending and saving habits of their friends. And credit card debt is also a big issue for many, with 35% saying what they owe on their cards is keeping them from buying a house, while it’s preventing 29% from taking a vacation and another 28% from retiring.