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Millionaire Quiz
| Question | Answer |
|---|---|
| 1. Most millionaires are college graduates | True |
| 2. Most millionaires work fewer than 40 hours per week. | False |
| 3. More than half of all millionaires never received money from a trust fund or estate. | True |
| 4. More millionaires have American Express Gold Cards than Sears cards. | False |
| 5. More millionaires drive Fords than Cadillac’s. | True |
| 6. Most millionaires work in glamorous jobs, such as entertainment, sports, or high tech. | False |
| 7. Most millionaires work for big Fortune 500 companies. | False |
| 8. Many poor people become millionaires by winning the lottery. | False |
| 9. College graduates earn about 65% more than high school graduates earn. | True |
| 11. Day traders usually beat the stock market and many of them become millionaires. | False |
| 12. If you want to be a millionaire, avoid the risky stock market. | False |
| 13. At age 18, you decide not to smoke and save $1.50/day. You invest this $1.50/day at an 8% annual interest until you are 67. At age 67,, your savings from not smoking are almost $300,000. | True |
| 14. If you save $2000 a year from age 22 to age 65 at 8% annual interest, your savings will be over $700,000 at age 65. | True |
| 15. Single people are more often millionaires than married people. | False |