Amazing Financial Facts

Amazing Financial Facts

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

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