HowMoneyWorks Educator

43% of all Americans can’t answer the most basic questions about how money works.

If you owed someone $500 plus interest, which would be higher to pay back?

If both your income and the prices of groceries, gas, and other products you buy were to double over the next 20 years, how much will you be able to purchase?

You have $1,000 in a savings account earning 1% annually. What would your balance be after 10 years if you never withdrew any money from your account?

Suppose you lose 50% of a $10,000 investment. How much return would you need to get back to $10,000?

Generally speaking, is it more secure to put your money into:

Answered all 5 questions.

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% of people who have taken the Challenge scored the same as you on the basics of how money works.