Financial Mistakes Survey 2020

Financial Mistakes Survey 2020

Assessment

Flashcard

Business

10th Grade

Hard

Created by

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20 questions

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1.

FLASHCARD QUESTION

Front

What percentage of Americans surveyed in 2020 said that too much credit card debt was their #1 financial mistake of the last decade?

Back

23%

2.

FLASHCARD QUESTION

Front

What was the average credit card debt carried by American households in 2020?

Back

$6,200

3.

FLASHCARD QUESTION

Front

According to the 2020 trials mentioned, what made people feel happier? Options: Spending money on physical items, Spending money on experiences like travel and meals, Saving money instead of spending it, Investing money in stocks and bonds

Back

Spending money on experiences like travel and meals

4.

FLASHCARD QUESTION

Front

How many years of history does the S&P 500 have without a 10-year period of negative returns?

Back

94 years

5.

FLASHCARD QUESTION

Front

How much did U.S. banks pocket in fees for overdraft "protection" in 2017?

Back

$34 billion

6.

FLASHCARD QUESTION

Front

How much did U.S. student debt surpass in 2021?

Back

$1.7 trillion

7.

FLASHCARD QUESTION

Front

What percentage of content creators on YouTube do not make enough money to rise above the U.S. poverty line, according to FORTUNE?

Back

96.5%

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