> The study tested a group of 27,564 Ameticans over the course of five months last year; 61% couldn’t get more than three out of five money-related questions right.
>60% had less thab $1,000 of cash on hand currently
>Only 45% could come up with $2,000 within 30 days
What game teaches you financial literacy?
Git gud, poorfag
None, read a book you fucking idiot
the powers that be don't teach 'money'. they don't want you taking their money.
Who carries around $1000?
40% just happened to have more than $1000 in cash, just walking down the street? Or does it include cards?
What game teaches you that money doesn't always means happiness?
>tfw 22 with Roth IRA and 30k stock portfolio
feels good
ty based pokemon go
>money-related questions
Like what?
What's the currency of Zimbabwe?
They meant at least 1000 in the bank.
Cash on hand means readily available: in a bank account, your wallet, under your mattress. It doesn't necessarily mean you only have in literally on your person.
>60% had less thab $1,000 of cash on hand currently
Why the FUCK would you carry more than a thousand fucking dollars on you?
>What game teaches you financial literacy?
Well that's pretty sad then. How do people live without savings?
on hand means on hands not liquid
Found the guys that failed the financial literacy test
Money doesn't mean happiness, but a genuine serious lack of money sure as hell prevents happiness.
>he doesn't carry around $1000 in cash wherever he goes
it doesn't mean literally on your hand, it just means readily available, like in your bank account or your wallet
baby boomers deliberately neglected to teach their children about money
You guys are starting to worry me.
Wrong, cash on hand is total accessible cash, including cash, your bank account, and any investments that can be sold within three months.
Good job failing one of the questions idiot.
>60% had less thab $1,000 of cash on hand currently
define on hand
>Only 45% could come up with $2,000 within 30 days
>this obvious classist bait
Really? Having something stored in your bank account doesn't seem like 'on hand' to me.
Granted, I know shit about money.
it doesn't literally mean in your fucking pocket you dumb shit
just that "on hand", ready to get it with in an hour like from a savings account
I would argue any lack of perceived form of stability prevents happiness.
the stock market simulator on investopedia
On hand means you have the ability to spend it.
Factually.
Liquid?
>a bunch of jews invent some arbitrary rules to how you can trade with money
>you're stupid for not knowing them
Money provides stability
This, educated gentiles are unhappy gentiles, and unhappy gentiles turn into rebellious gentiles.
And now you know why the education system teaches nothing but rote memorization and not actually anything of substance, because the ideal gentile worker drone doesnt need life skills or financial literacy to work 9 to 5 as a wagecuck and mindlessly consume because theyve been conditioned to derive enjoyment from the spending of money on frivolous things..
The past 70 years, and basically much longer thab that have been a one sided cultural war waged by Zionists that the rest of the human race has been losing.
Im 22 years old and I have no clue how you deposit physical money to your account. Or pay taxes to that matter.
are you kidding? accessing money in transaction accounts is easier than it's ever been
i don't even carry physical cash anymore because i don't need it anymore
>On hand means you have the ability to spend it.
Oh. Well, fuck. Guess I'm wrong.
Having less than $1000 on hand in your adult life at all times would be pretty terrible, guess people are just bad at savings.
The games themselves. As each game you buy seems to wear out its novelty faster and faster, you slowly reach a point wherein no game you can buy or play will ever satiate the yawning dredge of misery and boredom that is life.
You have wasted your life chasing a setting sun, and it's finally nighttime.
>you need at least $1,000,000 to retire
>27 years old
>only 7% of the way there
Maybe I should just plan to die the day I retire
I carry around a wad of hundreds and a Magnum condom for my monster dong
Taxes are a government conspiracy.
jesus dude. you go to the bank and fill out a deposit slip and hand the teller the money. for taxes you just to to the IRS website and do what it asks.
But isn't sole guarantee.
>Ameticans
>thab
What game teaches you how to spell correctly?
it's not about trading, it's about financial planning. Savings, retirement plans, accounts.
Not like those niggers who cash their monthly wage checks just so they show off those $20 bills.
But having goals to save up for mortgage, cars, vacation or just money for a rainy day.
Snake.
>Having less than $1000 on hand in your adult life
At any stage in your life, these days, having less than $1000 dollars stresses you out.
I've been constantly stressed about my money since I started working.
Lazy millennial here.
kek
My plan is to shoot myself when I get cancer or alzheimer's or whatever
I agree.
I'd say having money is one of those forms of stability.
Perhaps money can't buy you happiness, but without money you can't buy anything at all.
I wish I could earn money.
>Alzheimer's
You won't even remember where you put your gun
>60% had less thab $1,000 of cash on hand currently
who carries that much cash in hand?
only drug dealers and criminals have that much on hand.
So Jews invented the concept of transactionable currency units?
user c'mon put more effort into your millenial act, no real person is this dense.
Videogames? Economics is not taught in school for a reason. Most people would never work with large banks, nor credit cards, if they were properly educated.
There is no right or wrong in relation to the questions asked.
What are the actual questions they got wrong?
Uhh, was this a study by reasonably wealthy folk with no debt, or outstanding commitments to mock people on the struggle bus or something?
You've to be raking in a decent clip of cash in order to have 1000$ just laying around, and able to fetch 2,000 USD within 30 days without waylaying your finances.
It'd be nice if they were talking about what earning brackets this study was aimed at.
Don't get in debt. Ever. Debt is slavery. If you can't afford something with what you have, all cash, then simply don't buy it.
>i didn't even read one reply in this thread
That would explain why all of you retards complain about how expensive games are, dumbasses cannot handle your mommys funds.
A lot of banks have or are getting ATMs with scanners that can scan stacks of cash and take deposits that way.
When I was a kid my dad would take to the bank, just to show me his 20k stacks.
He owns a car lot so none of the money he earns is his.
He actually makes less than the employees he owns.
Capitalism.
You have 70 grand? Jesus christ I only have 20
Spotted another guy who failed the financial literacy test.
>having to talk to a teller
No thanks
>Hi, I'd like this house in cash
There's sometimes you just can't avoid it
>anyone from this generation is EVER going to be able to retire
We're going to be working until the day we die.
>mother complains that her parents never talked with her about finances and that you should be grateful that she helps
>she literally doesn't teach you anything about finances
>in fact she literally doesn't teach you anything at all about how to live on your own
>she expects you to go out and know everything since she "taught" you
Is it worth it to make 10k a month if I have to live in Sylmar, ghetto, and grow weed?
>be neet.
>never held a real job.
>have the equivalent of 22,000 dollars in cash in bank deposit box.
>about 9000 more on various bank accounts for actual savings, paying rent, and whatever.
>keep 500 at home in cash in case I lose my card or just need to pay in cash somehow.
>consider myself poor.
I feel tons better now. Thanks, america.
You don't have to talk if your paperwork is properly filled. You just hand over the cash and your slip. They generally don't want to talk to you either.
That's stupid because you need a mortgage. No other debt is good though.
...
>I have more spending money than 60% of people
No surprise, people blow their money on rent and car payments and then wonder when they have shit credit. I have a mortgage but at least that shit builds equity instead of going into the pocket of some jew landlord
>60% didnt have 1k
I find that hard to believe unless OP is forgetting to mention they polled the college student demographic or the unemployed.
What kind of working adult doesnt have at least $1000 in the bank?
Then again its probably just some made up clickbait article.
>you need a mortgage
American culture of debt is horrifying.
How do you even have that kind of money as a NEET, exploiting disability or something?
This is genuinely an option I have available to me.
For the lazy
>The study tested a group of 27,564 subjects over the course of five months
>Nearly half of respondents with a high school education or less could not come up with $2,000 in 30 days in the event of an emergency (45 percent) compared to only 18 percent for respondents with a college degree.
>Hispanics and African-Americans are much more likely to use high-cost forms of borrowing like pawn shops and payday loans compared to whites—39 percent for African-Americans, 34 percent for Hispanics and 21 percent for whites.
so it seem its one of those, talking about what we all know about research projects
Yeah you are just putting money into the pocket of some jew banker.
t. person who will never, ever be successful in business
>27,564 of a 318.9 million people
>not even 1 percent of the actual population
>Better not clarify that in my headliner
Bait
Can Sup Forums pass the quiz?
First answer gets picked.
>work in commercial banking
>75% of my coworkers don't know basic finance
>get a call from a senior vice president
>user, how much interest does a zero coupon bond pay?
>uh, zero
>that has to be wrong, user
>oh, and when do you get coupon payments for a bond that matured?
>uh, you don't. It's matured.
>I want to speak to your boss, user.
Goddamnit
Explain the alternatives, and if you say "rent", you are not in a position to criticize people's money management skills.
more
> 61% couldn’t get more than three out of five money-related questions right.
That really doesn´t say much if you don´t post the questions.
>earn £19k a year
>live alone
>make it month to month and can put away very little
Will I make it?
t. NEET
People don't fulfill me(everyone feels insufferable to me.) I'd rather pay a whore to nut than invest time in some bullshit relationship that never end up anywhere.
It's a trick question because literally no savings account ever give you 2%.
.02% MAYBE
Next question.
No, you literally save the money until you can afford to buy a house.
The entire mortgage crises happened because banks gave high interest loans/sacrificed insured money to just give $10,000 to ghetto residents, with a ridiculous interest rate.