Economics
What would help our economics system?
Financial literacy amongst people.
What is a common mistake that a recent graduate would make?
Going car broke
Every state requires a financial literacy class to graduate.
T or F
False
Difference between gross income and net income.
Gross- Total before deductions.
Net- Total you take home after deductions.
What is an example a smart money move?
Not spending more than 33% of monthly income on rent.
Starting a 401K as early as possible.
Maintaining a savings account.
What is the average credit score of an 18 year old?
Between 680-690
What was the unemployment rate in 2024?
4.11%
How will financial literacy promote independence?
Being able to build credit to take out a loan.
(Car, apartment, house, etc.)
What is a common financial misunderstanding?
Credit card money does not need to be paid back.