Financial Literacy Survey Statistics at Survelum Public Data Bank

Data collected: 5 survey responses
Click on underlined response options to use corellation filters

General Information

What is your gender?

FemaleData Graph (3; 60%)What is your gender?  - Stats Chart
MaleData Graph (2; 40%)

What is your age?

12-17Data Graph (1; 20%)What is your age? - Stats Chart
18-22Data Graph (1; 20%)
23-29Data Graph (0; 0%)
30-39Data Graph (1; 20%)
40-59Data Graph (2; 40%)
60 or olderData Graph (0; 0%)

What is your most recent level of academic study?

Some High SchoolData Graph (1; 20%)What is your most recent level of academic study? - Stats Chart
High School GraduateData Graph (0; 0%)
GEDData Graph (0; 0%)
Some CollegeData Graph (1; 20%)
College GraduateData Graph (0; 0%)
GraduateData Graph (1; 20%)
PHDData Graph (2; 40%)

What is your race or ethnic background?

WhiteData Graph (1; 20%)What is your race or ethnic background? - Stats Chart
HispanicData Graph (0; 0%)
African AmericanData Graph (2; 40%)
American IndianData Graph (1; 20%)
AsianData Graph (1; 20%)
OtherData Graph (0; 0%)

How many credit cards do you own?

0Data Graph (0; 0%)How many credit cards do you own? - Stats Chart
1-2Data Graph (4; 80%)
3-4Data Graph (1; 20%)
5 or moreData Graph (0; 0%)

Which best describes your or your family's personal income last year?

No IncomeData Graph (2; 40%)Which best describes your or your family`s personal income last year? - Stats Chart
Under $10,000Data Graph (1; 20%)
$10,000 to $29,999Data Graph (0; 0%)
$30,000 to $49,999Data Graph (2; 40%)
$50,000 or moreData Graph (0; 0%)

How many years of working experience do you have? Please include full- or part-time experience, internship, co-op, and summer jobs.

NoneData Graph (1; 20%)How many years of working experience do you have? Please include full- or part-time experience, inte - Stats Chart
Less than 2 yearsData Graph (1; 20%)
2-4 yearsData Graph (0; 0%)
4-6 yearsData Graph (0; 0%)
6 or more yearsData Graph (3; 60%)

Do you consider yourself financially literate?

YesData Graph (1; 20%)Do you consider yourself financially literate? - Stats Chart
NoData Graph (4; 80%)

Where/How did you learn about personal finance and it's responsibilities?

See Responses

Who or what do you believe is responsible for the current financial crisis?

Wall StreetData Graph (3; 60%)Who or what do you believe is responsible for the current financial crisis? - Stats Chart
The governmentData Graph (2; 40%)
The education systemData Graph (0; 0%)
The IRSData Graph (0; 0%)
OtherData Graph (0; 0%)

Using the scale given please rank the importance of maintaining adequate financial records using the scale given.

Very ImportantData Graph (2; 40%)Using the scale given please rank the importance of maintaining adequate financial records using the - Stats Chart
ImportantData Graph (1; 20%)
Not SureData Graph (0; 0%)
Somewhat UnimportantData Graph (1; 20%)
Very UnimportantData Graph (1; 20%)

Using the scale given please rank the importance of spending less than your income.

Very ImportantData Graph (3; 60%)Using the scale given please rank the importance of spending less than your income. - Stats Chart
ImportantData Graph (1; 20%)
Not SureData Graph (1; 20%)
Somewhat UnimportantData Graph (0; 0%)
Very UnimportantData Graph (0; 0%)

Using the scale given please rank the importance of maintaining adequate insurance coverage.

Very ImportantData Graph (1; 20%)Using the scale given please rank the 
importance of maintaining adequate insurance coverage.  - Stats Chart
ImportantData Graph (2; 40%)
Not SureData Graph (1; 20%)
Somewhat UnimportantData Graph (0; 0%)
Very UnimportantData Graph (1; 20%)

Using the scale given please rank the planning and implementing a regular investment program.

Very ImportantData Graph (1; 20%)Using the scale given please rank the planning and implementing a regular investment program. - Stats Chart
ImportantData Graph (1; 20%)
Not SureData Graph (1; 20%)
Somewhat UnimportantData Graph (1; 20%)
Very UnimportantData Graph (1; 20%)

Personal finance literacy can help you:

Avoid falling for financial scams.Data Graph (0; 0%)Personal finance literacy can help you:  - Stats Chart
Buy the right kind of insurance to protect you and your things from risk.Data Graph (0; 0%)
Plan the right approach to invest in your future.Data Graph (2; 40%)
Lead a financially secure life through forming healthy spending habits.Data Graph (1; 20%)
All of the above.Data Graph (2; 40%)

The main reason to purchase insurance is to:

Protect you from a loss recently incurred.Data Graph (0; 0%)The main reason to purchase insurance is to: - Stats Chart
Provide you with excellent investment returns.Data Graph (1; 20%)
Protect you from sustaining a catastrophic loss.Data Graph (3; 60%)
Protect you from small incidental losses.Data Graph (0; 0%)
Improve your standard of living by filing fraudulent claims.Data Graph (1; 20%)

You are not overspending if:

Your monthly debt payment is 40% of your take-home pay.Data Graph (0; 0%)You are not overspending if: - Stats Chart
Your monthly wages are $800 and credit charges $1,200.Data Graph (0; 0%)
You frequently receive calls from collection agencies.Data Graph (2; 40%)
You write checks for more than what you have in your checking account.Data Graph (1; 20%)
You meet your minimum monthly credit card payments.Data Graph (2; 40%)

Ways to improve your creditworthiness include:

Opening another bank account at your local bank.Data Graph (0; 0%)Ways to improve your creditworthiness include: - Stats Chart
Showing no record of personal bankruptcies in recent years.Data Graph (3; 60%)
Paying cash for all goods and services.Data Graph (0; 0%)
Borrowing money from friends.Data Graph (0; 0%)
Cosigning for loans.Data Graph (2; 40%)

Personal financial planning involves:

Establishing an adequate financial record keeping system.Data Graph (1; 20%)Personal financial planning involves: - Stats Chart
Developing a sound yearly budget of expenses and income.Data Graph (2; 40%)
Minimizing taxes and insurance expenses.Data Graph (0; 0%)
Preparing plans for future financial needs and goals.Data Graph (1; 20%)
Examining your investment portfolios to maximize returns.Data Graph (1; 20%)

Assume you're in your early twenties and you would like to build up your nest egg for a secure retirement in 40 years. Which of the following strategies would best meet your needs?

Start to build up your savings account at a federally insured bank.Data Graph (2; 40%)Assume you`re in your early twenties and you would like to build up your nest egg for 
a secure reti - Stats Chart
Save money in certificate of deposit account.Data Graph (0; 0%)
Put monthly savings in a diversified growth mutual fund.Data Graph (3; 60%)
Invest in long-term Treasury bonds.Data Graph (0; 0%)
Accumulate money in a safe-box rented from a local bank.Data Graph (0; 0%)
Survelum Public Data Bank · Financial Literacy Survey

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