Credit Cards
The credit card industry is worth how much?
Trillions
Pay money to get free money is known as a what?
Scam.
Middle class Americans are recommended to have at least how much saved for retirement?
1 million.
The gambling industry is built on _______?
Losers.
Low income students do not have to pay back what type of financial aide?
Grants.
How many Americans have credit card debt?
40% or 1/4
Advance fee Scams involve a _______ asking for bank information to get gifted money.
Prince.
Some companies pay _______ which are a form of retirement plan for longevity.
Pension.
It takes about how long for a slot machine player to get addicted?
About 1 year.
This type of financial accrues interest.
Loans.
Credit cards are another form of a what?
Loan
When someone is persuaded to invest in useless stock increasing the value of the stock, then selling it is called what?
Pump and dump.
How many Americans don't have any retirement savings?
25% or 1/4.
It takes sports/card gamblers about how long to get addicted?
About 3 years.
Pausing student loan payments is called ______?
Deferment.
What is a high risk credit score?
Lower than 650.
Borrowing money promising a return, then using that money to pay other people is know as a ______?
Ponzi scheme.
The government takes money out of your check that you can withdraw after a certain age to retire is called ______?
Social Security
Daily trading or day trading of stocks is also considered a form of _______?
Gambling.
___________ colleges often cost more, leading to more student loans.
Private.
What is the easiest way to establish credit?
A credit card.
When a company relies on recruitment rather than selling products is known as a ________?
Pyramid scheme.
The 3 pillars of retirement are _____, _____, and _____?
Pension, Social Security and Savings.
When gamblers chase the win it is called ________?
The zone.
What still accrues if you pause student loan payments?
Interest.