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Intro to Financial Literacy-- Flashcards | StudBud
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Intro to Financial Literacy--
Intro to Financial Literacy--
20 terms
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Intro to Financial Literacy--Day 2
Flashcards
20 cards
F
Practice quiz
P
Host live
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Questions
20
Answers
1
Until what age can a child stay on their parent's health insurance?
18
26
21
23
2
What % of graduates leave college with student loan debt?
65%
35%
55%
45%
3
What is financial literacy?
understanding how money works in the world
using money unwisely
reading books about money
using money wisely
4
What is the #1 source of information for high school seniors when it comes to paying for college?
Teachers/Counselors
None of the above
College Websites/Brochures
Family members other than parents
5
I will be more financially literate at the end of the year...
False
True
6
What is the most popular Financial App on the Iphone?
Capital One Mobile Banking
Cash App
Venmo
PayPal
7
What percentage of people 55 and older have NO money saved for RETIREMENT?
48%
25%
15%
60%
8
What % of 18-29 year olds are living with their parents?
35%
40%
25%
48%
9
What percent of millennials (18-29 yr olds) are comfortable carrying no cash with them?
56%
42%
39%
32%
10
What is financial literacy?
The knowledge of how money works and how to manage it
An exchange for goods and services
I don't know
A business money or property
11
Why is financial literacy important?
to better understand credit scores, risk, interest rates
to know the basics of personal fiance and money management
All of the above
to understand how to build wealth
12
What was the average Monthly car payment for a new vehicle in 2020?
$377
$615
$425
$568
13
How much does the average consumer spend monthly on impulse purchases?
$1,000
$600
$450
$700
14
What is the most prevalent form of Payment?
Debit Card
Checks
Cash
Credit Card
15
What is the #1 reason that people gave for paying their credit card bill late?
I'm disorganized
Ran out of money
I forgot
None of the above
16
How much do Americans expect to spend on Valentines day (average)?
$142
$215
$114
$71
17
What percentage of Americans have less than $400 in an emergency fund?
58%
66%
47%
35%
18
What is the most impactful piece of financial advice that millennials have received?
Build a Budget and stick to it
Build an Emergency Fund
Don't live beyond your means
Pay off your Credit Card Balance every month
19
Which of the following has the MOST negative influence on money habits?
Coworkers
Family
Friends
Social Media
20
What is the average fee when you overdraw your checking account using your debit card?
$40
$15.00
$25.50
$32.75
