WorksheetsScary Financial Stats
Total questions: 13
Worksheet time: 7mins
At what median age do people go into debt for the first time, according to the Ramsey Report?
18
21
23
30
According to the information provided by the previous explanation, what fraction of U.S. adults are in debt by age 30?
One-third
One-half
Two-thirds
Three-fourths
How much did financial illiteracy cost Americans on average annually in 2022?
$1,819
$415
$2,500
$10,000
According to the National Financial Educators Council, what was the total nationwide cost of financial illiteracy in 2022?
$415 million
$415 billion
$1.8 billion
$1.8 trillion
If financial illiteracy cost Americans $1,819 per person in 2022, what might be a possible consequence for individuals who do not improve their financial knowledge?
They may continue to lose money each year.
They will automatically save more money.
Their income will increase without effort.
They will not be affected financially.
What was the average credit card debt per person in 2023?
$6,501
$5,900
$7,200
$4,800
If the average credit card debt per person was $6,501 in 2023 after a 10% increase, what was the average debt per person in the previous year? (Round to the nearest dollar.)
$5,910
$4,900
$5,550
$6,000
What percentage of Americans do NOT use a high-yield savings account?
82%
50%
25%
10%
According to the image, what is the consequence for Americans who do not use a high-yield savings account?
They miss out on more free money in interest.
They have to pay extra fees.
They lose their savings.
They get higher interest rates.
According to a May 2024 poll, what percentage of U.S. adults have no emergency savings?
27%
15%
40%
10%
What is significant about the percentage of U.S. adults with no emergency savings as of May 2024?
It is the highest percentage since 2020.
It is the lowest percentage since 2020.
It has remained unchanged since 2020.
It is the same as in 2022.
What percentage of all stocks is owned by the wealthiest 10% of Americans?
93%
50%
75%
10%
Based on the information in the image, what can be inferred about stock ownership in the United States?
Stock ownership is highly concentrated among the wealthiest Americans.
Stock ownership is evenly distributed among all Americans.
The poorest Americans own most of the stocks.
Only corporations own stocks in the United States.
