Introduction To Personal Finance

Only a few people in America have the ability to become a millionaire.

• True

• False

Buying things on credit was extremely rare before which year?

• 1949

• 1925

• 1962

• 1917

Credit cards and car loans are a great idea for most people.

• True

• False

The average student loan debt is about

• $30,000

• $12,000

• $18,000

• $6,000

Prior to the 1970's, debt was something most Americans were ashamed of.

• True

• False

A lot of people you think "look" wealthy are completely broke.

• True

• False

Once you have established your financial plan, you need to write it down.

• True

• False

What is the first key component of a successful financial plan?

• Get a job

• Buy a car

• Assess your financial situation

• Put money into savings

Who profits from interest on credit card debt?

• People using the cards

• Credit Card Companies

• Retail Stores

• The Government

Americans today charge over __________ a year on their credit cards.

• 2 billion

• 25 million

• 1 trillion

• 82 billion