Only 24% of Millennials Are Financially Literate -- If You Can Pass This Test, That Means You Are, Too

Only 24% of Millennials Are Financially Literate -- If You Can Pass This Test, That Means You Are, Too A wealth of research suggests that most millennials struggle with their finances, including basic financial discourse. As such, most millennials wont be able to answer this quiz.Only 24 percent of millennials demonstrate basic financial literacy, according to a study from the National Endowment for Financial Education. Perhaps thats why about 77 million Americans with leistungspunkt (35 percent of adults) have debt in collections, according to the Urban Institute, and why nearly one-third of Americans pay just the minimum amount due on their leistungspunkt card bills each month, according to FINRAs National Financial Capability Study.Women worry about their finances even more than men, as research from online lender Laurel Road suggests that many women lack financial education, discal confidence and savings accounts. Women (37 percent) are about twice as likely as men (20 percent) t o not have any retirement savings, and they save $123,000 less on average. As such, only 66 percent of women report having an emergency fund, versus 82 percent of males.If you know the following 15 questions on fundamental concepts of economics and finance without scrolling down to the answers first you may be able to save yourself from becoming apart of the aforementioned statistics.Can You Answer These 15 Financial Literacy Questions?1. True or false A 10-year mortgage usually requires higzu sich monthly payments than a 20-year mortgage, but the total interest over the loan life is less.2. If interest rates rise, do bond prices rise, fall, stay the saatkorn or is there no relationship?3. What is the average annual rate of inflation for college tuition across the United States?4. You have $100 in a savings account earning two percent interest a year. After five years, how much money have you saved?5. On average, how many more years can a typical 65-year-old woman can expect to li ve?6. Does buying a single companys stock typically provide a safer return than buying a stock mutual fund?7. How often can you get yourself a free credit report?8. The interest rate on your savings account is one percent a year, and inflation is two percent a year. After one year, does the money in your savings account buy more, less or the same than it does today?9. How much can you typically expect to spend on out-of-pocket costs for health care throughout retirement (in todays dollars), if you retire at age 65?10. You owe $1,000 on a loan, and youre charged a 20 percent per year interest rate, compounded annually. If you havent yet paid anything off, at this interest rate, how many years would it take for the $1,000 to double?11. What is considered an excellent credit score?12. True or false You took out a loan to pay for a car, but you defaulted your loan. Only this lender will know about it and, if you need another loan, youll easily be able to get it from another lender.13. I s it okay to skip payments on your bills only some months, so as long as you pay the next month?14. What are the advantages of enrolling in your employers 401(k) or another retirement plan?15. What is the recommended ideal percentage of your monthly salary that you should contribute to your 401(k) plan to retire at a reasonable age with enough savings?--AnswersTrueFallAccording to The College Board, the average 2014-2015 tuition increase was 3.7 percent at private colleges it was 2.9 percent at public universities. Learn more here.More than $102.The average 65-year-old women will live until 85, according to Social Security Administration data. This means she can expect to live another two decades.NoUnder federal law, you are entitled to a free copy of your credit report from all three credit reporting agencies (Experian, Equifax and TransUnion) once every 12 months. And you should check your credit reports from each of the three bureaus annually.LessAccording to the Fidelity Retiree Health Care Cost Estimate, an average retired couple age 65 in 2019 may need approximately $285,000 saved (after tax) to titelseite health care expenses in retirement. That said, this amount will always depend on when and where the couple retires, how healthy they are and how long they live.Two to four yearsA score of 800 or above is considered excellent, according to Experian. Though, most credit scores fall between 600 and 750. Learn more here.FalseNoYou can invest and save even more. Learn more here.Most financial planning studies suggest that the ideal contribution percentage to save for retirement is between 15 and 20 percent of gross income, according to Investopedia. Learn more here.--AnnaMarie Houlis is a feminist, a freelance journalist and an adventure aficionado with an affinity for impulsive solo travel. She spends her days writing about womens empowerment from around the world. You can follow her work on her blog, HerReport.org, and follow her journeys on Instagram her _report,Twitterherreportand Facebook.

Writing Accomplishments for Resume Secrets

Writing Accomplishments for Resume Secrets Finding Writing Accomplishments for Resume on the Web Its far better include published work, but inexperienced writers may incorporate work thats unpublished. Resume writing is less about the authentic writing and more regarding the strategy than many individuals realize, writes Safani. You might need to seek the services of a professional resume writer. Inexperienced writers will need to find creative when preparing clips. A Secret Weapon for Writing Accomplishments for Resume Detailing your accomplishments is a significant parte of learning how to compose a resume. You would like to sell your skills in a fashion that will garner an interview. There are a few key skills you need to have on your resume. Skills and knowledge youre predicted to possess in order to do your day-to-day work duties comprise your duties. Choosing Writing Accomplishments for Resume The advice and examples above ought to help you come up with some resume achievements. The ideal way to learn which accomplishments and qualities companies value is quite straightforward. Your resume accomplishments section needs to be coherent with the remainder of your experiences and qualifications. Adding an accomplishments section to your resume is a superb means to demonstrate your best achievements and regions of expertise as they relate to the job that youre applying for. New Questions About Writing Accomplishments for Resume There isnt anything wrong with needing to pay a person to think of a professionally written resume for you but it is almost always better to do it yourself. The info in your resume should paint an image of the sort of employee you are and show employers what youre capable of accomplishing. Whether youre applying for your first job or hopping to a brand-new one, its important to prepare before the interview and produce an impression. Be sure that you analyze the work description carefully and choose keywords that you re able to relate to you accomplishments. Top Choices of Writing Accomplishments for Resume You require tocustomize your resume for each work application and thus dont simply incorporate the accomplishments that you think are definitely the most impressive. There are a lot of voreingestellt forms of resumes used to make an application for job openings. If youre asking for a job which has unique requirements, you might need another edition of your resume to completely demonstrate your qualifications. Perhaps you are anxious since you are applying for your first job, or youve been unemployed for quite a long time. Be certain youre totally truthful concerning the accomplishments you list on your resume. Accomplishments are intermittent and excellent things. Your accomplishments need to be significant. Always make sure that they are relevant to the company. Youre already so acquainted with your work, it can be hard to know every time a hiring manager will want to have more c ontext to completely appreciate your impact. The candidate utilizes a proper action verb that allows the hiring manager to know just the way the candidate approaches an issue and solve its challenges. Submitting a resume to reveal youre a valuable education leader is critical to securing interviews. Its alright to include resume accomplishments from different elements of your life that are related to the job that you are applying for. At this point you have a list of accomplishments which are relevant to the position. Everybody can use a number of the subsequent examples of accomplishments. Maybe you will think of a slew of accomplishments but you dont need to incorporate all. If a number of the vital accomplishments listed here were done with the assistance of a team, dont hesitate to include it.