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 age? | ||
| 12-17 |  (1; 20%) | |
| 18-22 | (1; 20%) | |
| 23-29 | (0; 0%) | |
| 30-39 | (1; 20%) | |
| 40-59 | (2; 40%) | |
| 60 or older | (0; 0%) | |
What is your most recent level of academic study? | ||
| Some High School | (1; 20%) | |
| High School Graduate | (0; 0%) | |
| GED | (0; 0%) | |
| Some College | (1; 20%) | |
| College Graduate | (0; 0%) | |
| Graduate | (1; 20%) | |
| PHD | (2; 40%) | |
What is your race or ethnic background? | ||
| White | (1; 20%) | |
| Hispanic | (0; 0%) | |
| African American | (2; 40%) | |
| American Indian | (1; 20%) | |
| Asian | (1; 20%) | |
| Other | (0; 0%) | |
Which best describes your or your family's personal income last year? | ||
| No Income | (2; 40%) | |
| Under $10,000 | (1; 20%) | |
| $10,000 to $29,999 | (0; 0%) | |
| $30,000 to $49,999 | (2; 40%) | |
| $50,000 or more | (0; 0%) | |
How many years of working experience do you have? Please include full- or part-time experience, internship, co-op, and summer jobs. | ||
| None | (1; 20%) | |
| Less than 2 years | (1; 20%) | |
| 2-4 years | (0; 0%) | |
| 4-6 years | (0; 0%) | |
| 6 or more years | (3; 60%) | |
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 Street | (3; 60%) | |
| The government | (2; 40%) | |
| The education system | (0; 0%) | |
| The IRS | (0; 0%) | |
| Other | (0; 0%) | |
Using the scale given please rank the importance of maintaining adequate financial records using the scale given. | ||
| Very Important | (2; 40%) | |
| Important | (1; 20%) | |
| Not Sure | (0; 0%) | |
| Somewhat Unimportant | (1; 20%) | |
| Very Unimportant | (1; 20%) | |
Using the scale given please rank the importance of spending less than your income. | ||
| Very Important | (3; 60%) | |
| Important | (1; 20%) | |
| Not Sure | (1; 20%) | |
| Somewhat Unimportant | (0; 0%) | |
| Very Unimportant | (0; 0%) | |
Using the scale given please rank the importance of maintaining adequate insurance coverage. | ||
| Very Important | (1; 20%) | |
| Important | (2; 40%) | |
| Not Sure | (1; 20%) | |
| Somewhat Unimportant | (0; 0%) | |
| Very Unimportant | (1; 20%) | |
Using the scale given please rank the planning and implementing a regular investment program. | ||
| Very Important | (1; 20%) | |
| Important | (1; 20%) | |
| Not Sure | (1; 20%) | |
| Somewhat Unimportant | (1; 20%) | |
| Very Unimportant | (1; 20%) | |
Personal finance literacy can help you: | ||
| Avoid falling for financial scams. | (0; 0%) | |
| Buy the right kind of insurance to protect you and your things from risk. | (0; 0%) | |
| Plan the right approach to invest in your future. | (2; 40%) | |
| Lead a financially secure life through forming healthy spending habits. | (1; 20%) | |
| All of the above. | (2; 40%) | |
The main reason to purchase insurance is to: | ||
| Protect you from a loss recently incurred. | (0; 0%) | |
| Provide you with excellent investment returns. | (1; 20%) | |
| Protect you from sustaining a catastrophic loss. | (3; 60%) | |
| Protect you from small incidental losses. | (0; 0%) | |
| Improve your standard of living by filing fraudulent claims. | (1; 20%) | |
You are not overspending if: | ||
| Your monthly debt payment is 40% of your take-home pay. | (0; 0%) | |
| Your monthly wages are $800 and credit charges $1,200. | (0; 0%) | |
| You frequently receive calls from collection agencies. | (2; 40%) | |
| You write checks for more than what you have in your checking account. | (1; 20%) | |
| You meet your minimum monthly credit card payments. | (2; 40%) | |
Ways to improve your creditworthiness include: | ||
| Opening another bank account at your local bank. | (0; 0%) | |
| Showing no record of personal bankruptcies in recent years. | (3; 60%) | |
| Paying cash for all goods and services. | (0; 0%) | |
| Borrowing money from friends. | (0; 0%) | |
| Cosigning for loans. | (2; 40%) | |
Personal financial planning involves: | ||
| Establishing an adequate financial record keeping system. | (1; 20%) | |
| Developing a sound yearly budget of expenses and income. | (2; 40%) | |
| Minimizing taxes and insurance expenses. | (0; 0%) | |
| Preparing plans for future financial needs and goals. | (1; 20%) | |
| Examining your investment portfolios to maximize returns. | (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. | (2; 40%) | |
| Save money in certificate of deposit account. | (0; 0%) | |
| Put monthly savings in a diversified growth mutual fund. | (3; 60%) | |
| Invest in long-term Treasury bonds. | (0; 0%) | |
| Accumulate money in a safe-box rented from a local bank. | (0; 0%) | |
Survelum Public Data Bank · Financial Literacy Survey
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