Have you ever wondered what percentage of Americans can cover unexpected expenses of $500-$1,000 from their savings?
Take this quiz to find out the answer and other amazing financial facts.
Amazing Financial Facts
Question 1: |
| What percentage of Americans have enough savings to cover an unexpected $500 car repair or a $1,000 emergency room visit? |
| a. 52 percent |
| b. 48 percent |
| c. 37 percent |
| d. 30 percent |
Question 2: |
| Of the $500 billion that Americans spend in grocery stores per year, how much is spent on fresh produce and meats? |
| a. $100 billion |
| b. $180 billion |
| c. $250 billion |
| d. $400 billion |
Question 3: |
| What percentage of businesses still uses the Yellow Pages? |
| a. 5 percent |
| b. 11 percent |
| c. 17 percent |
| d. 25 percent |
Question 4: |
| If you would like to make the list of the richest 400 Americans, what amount of money would you need? |
| a. $2 billion |
| b. $1 billion |
| c. $800 million |
| d. $500 million |
Question 5: |
| Which of the following jobs are expected to disappear in the next few years? |
| a. mail carriers |
| b. meter readers |
| c. jewelers |
| d. broadcaster |
Question 6: |
| 6. Rose Syracuse was the longest serving employee at Macy’s. How many years did she work at the 34th Street flagship store? |
| a. 78 years |
| b. 73 years |
| c. 69 years |
| d. 65 years |
Question 7: |
| What was the difference in salary between the CEO and a median employee at an insurance company called Humana? |
| a. 405 times |
| b. 344 times |
| c. 305 times |
| d. 244 times |
Question 8: |
| In the future which group of individuals will see an increase in shoe sales? |
| a. teenagers |
| b. infants |
| c. females |
| d. males |
Question 9: |
| What percentage of Millenials (ages 18-34) holds $30,000 in personal debt? |
| a. 41 percent |
| b. 34 percent |
| c. 25 percent |
| d. 11 percent |
Question 10: |
| In which country do individuals lose the most from gambling? |
| a. United States |
| b. Brazil |
| c. Australia |
Question 11: |
| Who is the richest man in the United States? |
| a. Mark Zuckerberg |
| b. Bill Gates |
| c. Johnny Appleseed |
| d. Jeff Bezos |
Question 12: |
| Of the following countries, which has the lowest taxes, as a percentage of the gross domestic product? |
| a. Germany |
| b. Switzerland |
| c. United Kingdom |
| d. United States |
Question 13: |
| What percentages of loans between family members are repaid? |
| a. 57 percent |
| b. 43 percent |
| c. 26 percent |
| d. 19 percent |
Question 14: |
| How much do almost 50 percent of Americans have saved for retirement? |
| a. $75,000 |
| b. $50,000 |
| c. $25,000 |
| d. $1,000? |
Question 15: |
| One of the first coins to be minted (in 1793) sold at auction several years ago for: |
| a. $3.3 million |
| b. $2.3 million |
| d. $750,000 |
Answers |
| 1. c. However, 30 percent would have to borrow from family and friends or use a credit card. |
| Source: blogs.wsj.com/economics/2016/01/06/a-500-carrepair-bill-would-send-most-americans-scrambling |
| 2. a. In addition, $400 billion is spent on pre-packed foods, frozen goods, and other refrigerated items.) |
| Source: www.businessinsider.com/how-people-spendmoney-at-grocery-store-2014-2 |
| 3. d. However, 27 percent say social media sites are the best. |
| Source: blogs.wsj.com/corporateintelligence/2014/08/06/asmall-business-witha-250000-a-monthfacebook-ad-habit |
| 4. a. |
| Source: www.forbes.com/forbes-400/#1f9b5d9d7e2f |
| 5. All of them. |
| Source: clark.com/employmentmilitary/10-most-endangered-jobsin-america |
| 6. b. She started in 1939 and retired in 2012. |
| Source: www.nydailynews.com/newyork/rose-syracuse-92-macy-longestserving-employee-retiring-73-yearsarticle-1.1152821?localLinksEnabled=false |
| 7. b. |
| Source: www.wsj.com/articles/are-you-underpaid-in-a-firstu-s-firms-reveal-how-much-they-pay-workers-1520766000 |
| 8. d. |
| Source: www.bloomberg.com/view/articles/2017-05-30/the-future-of-america-s-shoe-obsession-is-male |
| 9. c. If you chose d., you would be correct for those with $100,000 in debt. |
| Source: www.nbcnews.com/news/us-news/pollmajority-millennials- |
| 10. c. Americans lose less than half the amount of Australians. |
| Source: www.nytimes.com/2018/04/04/world/australia/australians-gamblingbetting-machines.html |
| 11. d. |
| Source: www.cnbc.com/2018/01/09/amazons-jeff-bezoswealth-hits-105-point-1-billion.html |
| 12. d. |
| Source: The Week, April 25, 2014. |
| 13. a. The average amount people report lending to family members is $5,022 of which $2,857 is repaid. |
| Source: www.cnbc.com/2017/10/02/if-you-lend-money-to-familydont-expect-to-see-allof-it-again.html |
| 14. c. Unfortunately, 25 percent of individuals have saved only $1,000. |
| Source: The Week, Oct. 20, 2017. |
| 15. b. |
| Source: www.smithsonianmag.com/smart-news/why-pennys-worth-over-2-million-180953872 |
