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Cards In This Set
| Front | Back |
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Financial issues are complicated by
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Power struggles
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Why do financial problems start for some families?
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All of these are reasons
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Generally speaking, it is wiser to buy a home than to rent, because each mortgage payment gradually increases one's ____ in the home.
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Equity
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In order for a couple to avoid financial pitfalls, they must have
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Trust and solidarity
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Financial issues are the most common stressor for families
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All of the above
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Compound interest means
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That a person who saves a few hundred dollars a month over 30 to 40 years can become a millionaire
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For most people it is best to buy which kind of life insurance?
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Term life
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You begin at age 21 saving $100 each month in a good mutual fund earning about 10% per year. At age 67, your retirement fund will be worth approximately
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$1,150,000
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According to a USA Today report, what percent of Americans do not systematically prepare for retirement by investing?
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56%
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Which statement is true about a collective worldview?
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People with this view tend to place a high priority on helping family and friends
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What does living in poverty mean?
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Not having adequate food or a decent place to sleep
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FICO scores are increased by
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A and b but not c
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Approximately how much more does the average college graduate make over his/her working life than the average high school graduate?
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$1.1 million
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Historically, which of the following investments has had the highest rate of return?
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Stocks
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Which of the following is seldom a cause for personal debt?
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Comparative spending
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