QUESTION IMAGE
Question
select the correct answer.
- the percentage of americans who are living paycheck to paycheck is almost:
60%
70%
80%
90%
- personal finance is 20% head knowledge about money. whats the other 80%?
cash in the bank
behavior
experience
relationships
- living on less than you make means not:
buying a car at 16 years old
going to college after high school
Brief Explanations
- For question 1: According to various financial surveys and reports, a significant portion of Americans live paycheck - to - paycheck. The figure of almost 80% is a commonly cited statistic in financial literature regarding this financial behavior.
- For question 2: In the context of personal finance, the concept that it is 20% knowledge and 80% behavior is a well - known principle. It emphasizes that how one behaves (e.g., spending, saving habits) is more crucial than just having knowledge about money.
- For question 3: Living on less than you make is about financial prudence. Buying a car at 16 is often an impulsive or non - necessary expense (depending on the context) that may not align with living within one's means, while going to college after high school can be an investment in future earning potential and not necessarily a violation of living on less than one makes.
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- 80%
- Behavior
- Buying a car at 16 years old