Why Americans Are Failing the Grade at Financial Literacy

Why Americans Are Failing the Grade at Financial Literacy

Assessment

Interactive Video

Life Skills, Business

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the financial literacy crisis in the US, highlighting survey results that show Americans struggle with budgeting, debt, and savings. It emphasizes the lack of formal financial education in schools and the predatory practices of the financial industry. The video suggests looking to Scandinavian countries for solutions, where financial education starts early. It encourages parental involvement and provides resources for self-education, urging viewers to advocate for better financial literacy education.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of US households do not keep a budget?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the average amount of student loans carried by college students?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the median retirement savings for Americans aged 55 to 64?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is one major factor contributing to the lack of financial literacy in America?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the ratio of spending on consumer education to marketing by the financial industry?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How do Scandinavian countries rank in financial literacy compared to the US?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What can parents do to help improve their children's financial literacy?

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