Dave Ramsey Ch.1 Section 2-3

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

• True

• False

Buying things on credit was extremely rare before which year?

• 1949

• 1925

• 1962

• 1917

The average student loan debt is about

• $30,000

• $12,000

• $18,000

• $6,000

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

• True

• False

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

• True

• False

Personal finance is ____% behavior and ____% knowledge.

• 30, 70

• 50, 50

• 80, 20

• 20, 80

Being like everyone else means being broke and in debt.

• True

• False

Things are always as they seem.

• True

• False

In America, being “normal” is ______.

• wealthy

• broke

The debt system helps people gain wealth.

• True

• False