Understanding Social Classes and Net Worth

Understanding Social Classes and Net Worth

Assessment

Interactive Video

Business

9th - 12th Grade

Hard

Created by

Jennifer Brown

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is net worth and why is it considered a good indicator of wealth?

Net worth is the value of all assets owned minus liabilities, indicating financial discipline.

Net worth is the total income earned in a year.

Net worth is the total amount of debt owed.

Net worth is the amount of money in a checking account.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of the lower middle class?

They primarily work in tech industries.

They have a median net worth of over $200,000.

They are often new graduates or blue-collar workers.

They typically have advanced degrees.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key financial aspiration of the middle class according to the Middle Class Task Force?

Owning multiple luxury cars

Taking a family vacation

Investing in cryptocurrency

Owning a private jet

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common trait among those in the straight-up middle class?

They have a net worth of over $500,000.

They are typically in their late 30s to early 40s.

They have no savings or investments.

They work exclusively in tech jobs.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can someone with a modest income become wealthier over time?

By avoiding any form of investment

By changing jobs frequently

By investing regularly and having a long-term perspective

By spending all their income on luxury items

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What distinguishes the upper middle class from the lower middle class?

They do not invest in real estate.

They have a lower median net worth.

They emphasize strong education and cultural experiences.

They have no financial aspirations.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which profession is typically associated with the upper middle class?

Factory worker

Psychologist

Retail cashier

Construction laborer

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