Finance Facts 1
How many Americans have an emergency savings of at least $1,000?
40%
Which demographic is owning more homes?
Black Women
in 1912 the cost of bread was?
5 cents per loaf
What fraction of kids are raised in poverty?
1 in 7
How much would it cost to send a child to college born in 2022?
$310,605
What banking alternatives exist to business owners?
Community loan funds
What was the average wage in 1922?
65.7 cents per hour
How is financial wellness defined?
Your ability to live a healthy financial life.
How much should a 30 year old have saved for retirement?
$47,000
Which demographic are creating more micro and small businesses?
Black women
What is the current average US credit score in 2021?
698
What are the 8 components of wellness?
Emotional, physical, occupational, social, spiritual, intellectual, environmental and financial
What is the average amount paid in child support?
$354 per month
The nickname "t-note" is short for?
Treasury Note
What are the five key components of financial liyteracy?
Earn, spend, save and invest, borrow and protect.
Being well emotionally allows you to take the steps in order to reduce your _______ levels?
STRESS levels
What is working capital?
Current assets minus current liabilities
Equity, debt and derivatives are....
Financial Instruments
Financial institutions, Financial instruments and financial market are all examples of...
A financial system
What is the process of allocating money in the expectation of some return benefit in the future?
An investment