Flashback 12 - Investing, Linear, and Exponential

What percentage of wealth is owned by the top 10% of families (those with more than $1.22 million per year)?

What percentage of wealth is owned by the bottom 50% of families (those with less than $122,000)?

When price levels increase, purchasing power ___.

In addition to the price of goods and services, what else is impacted by inflation?

choose all correct answers

• Wages

• Saving

• Debts

• Interest

If you put money in a savings account earning a rate of return of 1% and inflation is currently at a rate of 2%, will your money be worth...

• more in the future.

• less in the future.

• exactly the same in the future.

It is meant for short term goals.

• Saving

• Investing

It involves assets like stocks and bonds.

• Saving

• Investing

It harnesses compound interest and higher average returns to grow your wealth faster.

• Saving

• Investing

It involves very little risk.

• Saving

• Investing

Your account balance will be impacted by the market.

• Saving

• Investing