With election season upon us, it becomes harder to know the difference between political persuasion and truth. Unknowingly, our personal finance IQ could be affected. The following six questions test your personal finance IQ.
$82,500.11
$93,513.01
$67,028.00
$111,101.01
Continue to subsidize the cost of health care for seniors at current levels
Cost over half of projected tax revenues collected, making the program unsustainable
Subsidize a greater portion of the cost of health care for seniors
Death panels will now determine who receives Medicare
Much higher under President Obama than under President Reagan
Much higher under President Reagan than under President Obama
The same under President Obama and President Reagan
The same under President Obama and President Clinton
Have reserve funds exhausted in 2037, making the program unsustainable
Continue to provide retirement income as promised to retirees
Provide a greater amount of retirement income than promised to retirees
Social security was eliminated by President Obama in 2009
Grown from 4.1% to 6.3%
Grown from 1.8% to 4.1%
Grown from 3.2% to 11.3%
Declined from 4.1% to 1.8%
Nearly 100%
Roughly 90%
Roughly 80%
Roughly 50%