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Wealthy? Not Me!

KAHOOT VERSION

Behavioral Economics

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  1. About ____ of Americans making $90,000 - $150,000 per year consider themselves rich.

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  1. 9%
  2. 19%
  3. 29%
  4. 39%

WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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  • About ____ of Americans making $90,000 - $150,000 per year consider themselves rich.

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  • 9%
  • 19%
  • 29%
  • 39%

WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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2. How do you calculate someone’s net worth?

  1. Debts minus liabilities
  2. Liabilities minus savings
  3. Assets minus liabilities
  4. Assets minus savings

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WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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2. How do you calculate someone’s net worth?

  • Debts minus liabilities
  • Liabilities minus savings
  • Assets minus liabilities
  • Assets minus savings

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WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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3. Americans believe you need _______ to be considered wealthy.

  1. $1.2 million
  2. $1.9 million
  3. $2.2 million
  4. $2.9 million

WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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3. Americans believe you need _______ to be considered wealthy.

  • $1.2 million
  • $1.9 million
  • $2.2 million
  • $2.9 million

WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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4. True or False? Most Americans think you need at least $1 million to be “financially comfortable.”

  1. True
  2. False

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WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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4. True or False? Most Americans think you need at least $1 million to be “financially comfortable.”

  • True
  • False

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WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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5. Which of the following most impact a person’s beliefs about how much makes you rich or wealthy?

  1. Age and place of birth
  2. Income and place of residence
  3. Schools attended and age
  4. Job and size of family

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WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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5. Which of the following most impact a person’s beliefs about how much makes you rich or wealthy?

  • Age and place of birth
  • Income and place of residence
  • Schools attended and age
  • Job and size of family

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WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

How much money do you think someone needs in order to be considered “wealthy?” Explain why.

WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Three Relevant Resources from NGPF:

  • How many millionaires are there in the United States? (Question of the Day)
  • Enough is enough (Full Lesson)

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References:

  • Here’s how much money Americans need to be considered ‘rich’ (CNBC)
  • Charles Schwab Modern Wealth Survey 2022 (Schwab)
  • How much money Americans think they need to be considered wealthy (Fortune)
  • New survey shows how much money it takes to feel 'wealthy' in the Bay Area (SFGate)
  • To build wealth, ‘change your thinking,’ says a behavioral economist (Acorns)

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WEALTHY? NOT ME! | MAY 20, 2022 EDITION | NEXT GEN PERSONAL FINANCE