Test your knowledge of some of the most important news stories involving money. This week, see if you know which CEO of a car company recently sent shockwaves through the Twittersphere, how many Americans plan to work past the retirement age, and which Stash feature you can use to double your savings rate.
Find out in the 7 questions below:
This CEO plans to take his car company private, which would remove it from the Nasdaq, where it trades.
Tesla CEO Elon Musk floated the idea of taking electric car maker Tesla private last week on Twitter, which briefly led to a halt in trading for Tesla stock. While it’s still unclear if Musk’s idea was serious, his tweet has led to potential legal action from some shareholders seeking clarification.
What percentage of Americans plan to work past retirement age?
Nearly three-quarters of Americans plan to work past the retirement age of 65—either because they want to, or because they don’t have enough money to retire, according to data from the Bureau of Labor Statistics. That means fewer Bird Bingo games.
Which social media company saw its first-ever quarterly decline in users last week?
Snapchat released its Q2 earnings, and while the company beat some expectations, the negative mark was a decrease in daily active users. Analysts had expected the company to report 192 million users—an increase of 1 million over Q1. Instead, the number of users dropped to 188 million.
Which of the following is NOT an actual form of financial aid for college students?
The “Make Me More Smarter” Moneygram doesn’t exist—so don’t bother trying to find a way to apply for it, college students. Instead, look at Pell grants (if you’re an undergraduate), and take advantage of related tax breaks.
Disney’s latest earnings report disappointed Wall Street last week, with some losses in the company’s studio division. What was the culprit?
While Disney’s studio division produced box-office hits including new entries in the Star Wars series, and Marvel movies including “Black Panther,” but ended up canceling a number of other unnamed projects and shuttering a studio, leading to losses.
Which of the following social media networks has the highest percentage of users in the U.S.?
More than two-thirds of Americans use Facebook, according to data from Pew Research Center. Instagram, which is owned by Facebook, is used by 35% of U.S. consumers, which puts it in second place.
Cover your stash: On average Stash users that use this feature for a year save more than twice the amount of users who don’t.
The answer is Auto-Stash, a feature that makes saving and investing automatic. Tap it, set it, and you’ve got your savings on automatic. You can save $5, $10, or as much as you want, when you want, where you want. Stash customers who had Auto-Stash turned on for a year saved $1,432, while those who didn’t saved $665.59, or less than half as much, according to data studied by Stash.
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*The results of this quiz does not imply any level of skill or training on the part of any customer. The content of this quiz is for educational purpose only.