Questionnaire Public Report |
04/09/2019 03:31:00 PM |
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Cohort: |
National Longitudinal Survey of
Youth 1979 |
|
Round: |
NLSY79 Round 28 |
|
Instrument : |
R28 Youth Main Field |
FIN_LIT_LINT |
Section:
Financial Literacy |
[last round R
completed]>=25
If Answer =
1 Then Go To LIFE-SATISFACTION
Default Next: |
|
Lead-In: |
FORECLOSURE_LINT [Default],
FORECLOSURE-9 [Default],
FORECLOSURE-10 [Default],
FORECLOSURE-12 [Default],
FORECLOSURE-13 [Default] |
FIN_LIT_1 |
Section:
Financial Literacy |
Have you set aside emergency or rainy day funds
that would cover your expenses for 3 months, in case of sickness, job loss,
economic downturn, or other emergencies?
|
1 YES |
|
0 NO |
Default Next: |
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Lead-In: |
FIN_LIT_LINT [Default] |
FIN_LIT_2 |
Section:
Financial Literacy |
How strongly do you agree or disagree with the
following statements? Please give your answer on a scale of 1 to 7, where 1
means 'strongly disagree' 7 means 'strongly agree,' and 4 means 'neither agree
nor disagree.'
|
-
I am good at dealing with day-to-day financial matters, such as checking
accounts, credit and debit cards, and tracking expenses |
|
-
I regularly keep up with economic and financial news |
|
1 1
(disagree strongly) |
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2 2 |
|
3 3 |
|
4 4 |
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5 5 |
|
6 6 |
|
7 7
(agree strongly) |
Default Next: |
|
Lead-In: |
FIN_LIT_1 [Default] |
FIN_LIT_3 |
Section:
Financial Literacy |
On a scale from 1 to 7, where 1 means very low
and 7 means very high, how would you assess your overall financial knowledge?
|
1 1 |
|
2 2 |
|
3 3 |
|
4 4 |
|
5 5 |
|
6 6 |
|
7 7 |
Default Next: |
|
Lead-In: |
FIN_LIT_2 [Default] |
FIN_LIT_4 |
Section:
Financial Literacy |
Do you think that the following statement is
true or false? Buying a single company stock usually provides a safer return
than a stock mutual fund.
|
1 True |
|
0 False |
Default Next: |
|
Lead-In: |
FIN_LIT_3 [Default] |
FIN_LIT_5 |
Section:
Financial Literacy |
Suppose you had $100 in a savings account and
the interest rate was 2 percent per year. After 5 years, how much do you think
you would have in the account if you left the money to grow: more than $102,
exactly $102, or less than $102?
|
1 More
than $102 |
|
2 Exactly
$102 |
|
3 Less
than $102 |
Default Next: |
|
Lead-In: |
FIN_LIT_4 [Default] |
FIN_LIT_6 |
Section:
Financial Literacy |
Imagine that the interest rate on your savings
account was 1% per year and inflation was 2% per year. After 1 year, would you
be able to buy more than, exactly the same as, or less than today with the
money in this account?
|
1 More
than today |
|
2 Exactly
the same as today |
|
3 Less
than today |
Default Next: |
|
Lead-In: |
FIN_LIT_5 [Default] |
FIN_LIT_7 |
Section:
Financial Literacy |
If interest rates rise, what will typically
happen to bond prices?
|
1 They
will rise |
|
2 They
will fall |
|
3 They
will stay the same |
|
4 There
is no relationship between bond prices and the interest rate |
Default Next: |
|
Lead-In: |
FIN_LIT_6 [Default] |
FIN_LIT_8 |
Section:
Financial Literacy |
Do you think that the following statement is
true or false? A 15-year mortgage typically requires higher monthly payments
than a 30-year mortgage, but the total interest paid over the life of the loan
will be less.
|
1 True |
|
0 False |
Default Next: |
|
Lead-In: |
FIN_LIT_7 [Default] |