Finance Foundations Survey

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What is Net Income?

Back

Net Income is the money you get from working that you can spend after taxes are taken out.

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What is Sales Tax?

Back

Sales Tax is a type of tax you pay when you buy goods like Cheetos and soda.

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What is the recommended savings by age 30?

Back

By age 30, you should have at least 1 times your annual salary saved.

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What is the recommended savings by age 40?

Back

By age 40, you should have at least 3 times your annual salary saved.

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What is the recommended savings by age 50?

Back

By age 50, you should have at least 6 times your annual salary saved.

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What is the recommended savings by age 60?

Back

By age 60, you should have at least 8 times your annual salary saved.

Front

What is the best way to grow your money for ten years?

Back

Investing in the U.S. Stock Market is one of the best ways to grow your money.

Front

What percentage of Americans have enough savings for retirement?

Back

Only 15% of Americans have enough savings for retirement.

Front

What is Gross Income?

Back

Gross Income is the total money earned before any taxes are taken out.

Front

What is a Savings Account?

Back

A Savings Account is a bank account where you can save money and earn interest.