he information in Part One of this web site is presented in the context of 20 Questions. These questions are meant to create awareness about financial facts and statistics of particular concern to women. If you prefer to test your knowledge first, these questions follow, or you may down load the 20 questions PDF by clicking here.
1. What does a woman who works full time, year-round earn for every dollar earned by her male counterpart?
a. 65 cents
b. 72 cents
c. 78 cents
2. What is the average lifetime earnings loss for women earning 72 cents on the dollar?
a. $50,000
b. $100,000
c. $250,000
3. How long does a woman who is out of the work force for one year have to work to recover lost income, pension coverage, and career advancement opportunities?
a. 2 years
b. 3 years
c. 5 years
4. What percentage of women with children are in the work force?
a. 50%
b. 60%
c. 70%
5. What percentage of households carry a credit card balance month to month?
a. 22%
b. 33%
c. 44%
6. What is the average credit card debt per household that has at least one credit card?
a. $4,942
b. $8,123
c. $10,942
7. What is the average annual interest rate charged for credit cards?
a. 12.03%
b. 15.02%
c. 17.09%
8. How long will it take to pay off the credit card purchase of a $1,000 computer? (Your credit card has an 18% interest rate and you make minimum payments of $20 a month.)
a. 3 1/2 years
b. 5 1/2 years
c. 7 1/2 years
9. What percentage of adults thought that paying bills late would not present a problem when applying for a mortgage?
a. 10%
b. 20%
c. 30%
10. What percentage of Americans are earning money on their money through savings and investing?
a. 33%
b. 43%
c. 53%
11. On average, how much do single women save out of every $100 in earnings?
a. $1.50
b. $3.50
c. $5.50
12. What is the average interest earned for a savings account?
a. 1.1%
b. 2.1%
c. 3.1%
13. Historically what is the average annual inflation rate?
a. 1.7%
b. 2.7%
c. 3.7%
14. What percentage of women surveyed said they were motivated to save and invest by “a fear of not having enough money in old age”?
a. 23%
b. 53%
c. 93%
|
Average Annual
Rate of Return |
Savings / Investment
Category |
||
|
3.7%
|
a. cash
|
b. stock
|
c. bonds
|
|
5.2%
|
a. cash
|
b. stock
|
c. bonds
|
|
11%
|
a. cash
|
b. stock
|
c. bonds
|
16.What percentage of women (in 1998) had their retirement plans invested mostly in bonds?
a. 10%
b. 20%
c. 30%
17. What is the average monthly Social Security benefit earned by women?
a. $676
b. $846
c. $1,046
18. What is the average amount that single women over age 65 receive in monthly interest income from their personal savings or investments?
a. $55
b. $95
c. $295
19. Of this country’s elderly poor, what percentage are women?
a. 30%
b. 50%
c. 70%
20. How many years on average do women outlive men?
a. 3 to 5 years
b. 5 to 7 years
c. 7 to 9 years
Answers:
1: b. 72 cents
2: c. $250,000
3: c. 5 years
4: c. 70%
5: c. 44%
6: b. $8,123
7: b. 15.02%
8: c. 7 1/2 years
9: c. 30%
10: a. 33%
11: a. $1.50, or 1.5% of their earnings
12: b. 2.1%
13: b. 2.7%
14: c. 93%
15: a. 3.7% cash (Treasury bills)
15:c. 5.2% bonds (30-year government bonds)
15:b. 11% stock (large company stock)
16: b. 20%
17: a. $676 or $8,112 annually
18: b. $95
19: c. 70%
20: b. 5 to 7 years
