
Understanding Social Classes and Net Worth
Interactive Video
•
Business
•
9th - 12th Grade
•
Hard
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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