Questionnaire Public Report 04/09/2019 03:31:00 PM Cohort: National Longitudinal Survey of Youth 1979 Round: NLSY79 Round 28 Instrument : R28 Youth Main Field

 FIN_LIT_LINT Section: Financial Literacy

[last round R completed]>=25

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 FIN_LIT_1 Section: Financial Literacy

Have you set aside emergency or rainy day funds that would cover your expenses for 3 months, in case of sickness, job loss, economic downturn, or other emergencies?

 1   YES 0   NO

 FIN_LIT_2 Section: Financial Literacy

How strongly do you agree or disagree with the following statements? Please give your answer on a scale of 1 to 7, where 1 means 'strongly disagree' 7 means 'strongly agree,' and 4 means 'neither agree nor disagree.'

 - I am good at dealing with day-to-day financial matters, such as checking accounts, credit and debit cards, and tracking expenses - I regularly keep up with economic and financial news

 1   1 (disagree strongly) 2   2 3   3 4   4 5   5 6   6 7   7 (agree strongly)

 FIN_LIT_3 Section: Financial Literacy

On a scale from 1 to 7, where 1 means very low and 7 means very high, how would you assess your overall financial knowledge?

 1   1 2   2 3   3 4   4 5   5 6   6 7   7

 FIN_LIT_4 Section: Financial Literacy

Do you think that the following statement is true or false? Buying a single company stock usually provides a safer return than a stock mutual fund.

 1   True 0   False

 FIN_LIT_5 Section: Financial Literacy

Suppose you had \$100 in a savings account and the interest rate was 2 percent per year. After 5 years, how much do you think you would have in the account if you left the money to grow: more than \$102, exactly \$102, or less than \$102?

 1   More than \$102 2   Exactly \$102 3   Less than \$102

 FIN_LIT_6 Section: Financial Literacy

Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, would you be able to buy more than, exactly the same as, or less than today with the money in this account?

 1   More than today 2   Exactly the same as today 3   Less than today

 FIN_LIT_7 Section: Financial Literacy

If interest rates rise, what will typically happen to bond prices?

 1   They will rise 2   They will fall 3   They will stay the same 4   There is no relationship between bond prices and the interest rate

 FIN_LIT_8 Section: Financial Literacy

Do you think that the following statement is true or false? A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage, but the total interest paid over the life of the loan will be less.

 1   True 0   False