Final Learning Milestone

1. Your child won’t need to start thinking about saving for retirement until they are in their 30’s.
True
False

 

 

2. Children’s financial goals are easier to achieve if they are specific and actionable.
True
False

 

 

3. One of the benefits of owning a mutual fund is the professional money management that oversees day-to-day decisions.
True
False

 

 

4. Government bonds are considered to be a risky type of bond available for investors to purchase.
True
False

 

 

5. When parents were asked to specifically describe what they have done to teach their kids about financial matters: 56 percent of parents can name only ONE example.
True
False

 

 

6. College Student are bombarded with nearly 10 credit card applications per semester.
True
False

 

 

7. 94% of students surveyed that they are likely to use their parents as a source of financial information 
True
False

 

 

8. 80% of parents surveyed said they require their children to save money. (American Savings Education Council)
True
False

 

 

9. When teaching your child about financial management you should only use specific lessons created for your child’s age.
True
False

 

 

10. Americans’ revolving debt, the bulk of which is credit card balances, hit $1 trillion 1 in April 2019, according to the Federal Reserve.

True
False