Financial Literacy Anticipatory Set

1. How many adults make a monthly budget?

• 32%

• 76%

• 26%

• 38%

2. How much debt does the average American have?

(This does not include a house!)

• $10,000

• $40,000

• $90,000

• $500,000

3. How much money do you need to have if you want to retire at age 40?

• 5 million dollars

• $40,000

• $500,000

• $1,000,000

4. How many American have money saved?

• 71% have a savings account

• 22% have

  $1,000-5,000 saved

• 33% have less than $1,000 saved

• All answers are correct.

5. What is the average yearly income in the United States?

• $12,000

• $68,700

• $250,000

• $38,000

6. How much is a new car?

(Small SUV-Trailblazer)

• $7,000

• $89,000

• $27,000

• $45,000

7. How much money should you save from each paycheck?

• 1%

• 10%

• 20%

• 50%

8. How can you grow your money?

• Make wise investments.

• Eliminate debt.

• Know your goals and have a plan.

• All answers

9. What are examples of investments?

• a new car

• CDs, mutual funds, stocks

• an 86" screen Television

• A two week vacation out of the country

10. What is generational wealth?

• It is wealth that is passed from one generation to the next.

• The next generation is lazy and wants everything given to them.

• The next generation

  wastes their inheritance.