Transcription of 83 College Student Financial Literacy Survey
1 CollegeStudentFinancialLiteracySurveyWel come! , ,financialbehaviors,financialknowledge,i nfluencesonfinancialliteracy, questionyoudonotfeelcomfortableanswering , ,itmeansyouhavereadthisformandare I IunderstandmostofwhatI' 83' ' (Checkallthatapply)BudgetingInvestingaxe sCreditWillsLifeInsurance----==-------,L oans/ ,pleaseratetheimportanceofitemstoyou( , , , , ) (1=notatalltrueofmeand5=verytrueofme) ' "hassle" ( )ClC2 C3 ' ( ,investing,creditcards) 'sorrenter' ,savingmoneywhenevertheyhavethechancewhi leothersarespending-oriented, ,savingmoneywheneverI , , , (Checkallthatapply)savings,checkingmoney marketcertificateofdeposit(CD) ,studentloansandotherdebts?
2 (Donotincludemortgage)C1.$0C2.$1-49993.$ 5000-$99994.$10,000-$19,9995.$20,000-$39 ,9996.$40, ' :(ifyouhavenocreditcardsskiptoquestion11 ) $0-$992.$100-$4993.$500-$19994.$2000-$49 995.$ ' (1=notatalltrueofmeand5=verytrueofme) 'taffordandIdon' "bailmeout" (inexcessof20hoursaweek) ahomeowner'sorrenter' (1=none,2=notmuch,3=notapplicable,4=some ,5=alot).Howmuchdidyoulearnaboutmanaging yourmoneyfromthefollowing:ParentsC1C2C34 CsFriendsC12C345 SchoolC1C234Cs 86 LifeInsuranceDisabilityInsuranceLoans/de btCreditcardsSavingBeinghonestinalldeali ngsorkforBooksClC2345 Media12345 JobCl2345 Lifeexe,eriencesClC23C45 InternetCl2345 InformalpublicseminarorclassCl23C45 Financialplannerorcounselor(professional ) scaleof1-5(1=never,2=onceperyear,3=every fewmonths,4=twicepermonth,S=weekly).
3 Howoftenwereyouinfluencedbyordidyoudiscu ssfinanceswiththefollowing:Parents12345 FriendsCl2C345 School12345 BooksClC2345 Media12345 JobClC2345 Lifeexeriences12C345 Internet12345 Informalpublicseminarorclass12345 Financialplannerorcounselor(professional ) (Checkallthatapply)BudgetingInvestingaxe sCreditWillsAutoInsuranceRenter'~/Homeow ner' (checkallthatapply) portionofa coursewhereatleasta coursewhereatleasta (professional) :ourfinancialknowledge?(checkallthatappl y)MediaobLifeexperienceFinancial1'------ ---' (checkallthatapply) ( ,creditcards,debt,budgeting,savings) 't'talkmuchaboutfinancesbutI , (CD) checkbounces,who,ifanyone,isusuallycharg edafee?
4 $2, ,Mollyrealizedthatsheneededmoneyforretir ementandstartedsaving$2, (assumebothinvestmentshadthesameinterest rate)? , , $300/monthbutneveroccupiedtheapartment, 'srentof$ 'srentof$ , ' , ' ' $ $ ,whenwillinterestchargesusuallybeginonan ewcreditpurchase? ,propertytax, , ,salestax, ,socialsecurity,Medicarecontributions, $500taxcreditora$500taxdeductionmorevalu abletoyou? $ $ (liketheS&P500) ' 90.
5 ,inwhichofthefollowingformswoulditbeofLE AST benefittothemiftheyneededitrightaway? $100,000/$300,000, $100,000foreachaccidentbutnomorethan$300 , $100,000formedicalbillsbutnomorethan$300 , $100,000foreachpersoninjuredbutnomoretha n$300, $100,000forpeopleintheinsuredautobutnomo rethan$300, ( , , , ) ,don'thavealotofmoney, ,whichofthefollowingwouldyoudoregardingy ourlifeinsurance? ~ $ $ (Freshman) ~ ~-----~----- 92 MedicineLaw $34,999$35,000-$49,999$50,000-$79,999$80 ,000ormoreDon' (Includefullorpart-timeexperience,intern ships,co-ops,summerjobs,etc.)
6 NoneLessthan2 yearsCTwotolessthan4 yearsFourtolessthan6 'sprimaryoccupationisMymother' 'sdegreeCMasters,doctorate,orprofessiona ldegreelikemedicaldoctor,veterinarian,or lawyer 'sdegreeMasters,doctorate,orprofessional degreelikemedicaldoctor,veterinarian,orl awyer (includingwhowillpayoffstudentloansifapp licable)Self(100%)-Parents(100%)Mostlyse lf(morethan50%)Mostlyparents(morethan50% )50%self,50%parents 93 FirstBornOnlychildYoungestchild ,lessthan2 yearsintheUSYes,2to4 yearsintheUSYes,4to6 yearsintheUSYes,6 ~ (notincludingstudentloans)?CO-$9,999C$10 ,000-$19,999$20,000-$29,999$30,000-$39,9 99C$40, (GPA)?
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