Test your knowledge of some of the most important stories with Stash’s weekly news quiz. This week, see if you know which state has the best average credit score, what you should do if you only have a few bucks in the bank, and why concert tickets have become so expensive over the years.
Find out in the 7 questions below:
This state has America’s highest average credit score.
The average credit score in Minnesota is 709—the highest in the country. New data from credit-reporting company Experian crunched the numbers, and while Minnesota ranked number one, Mississippi came in last place with an average score of 647 (credit scores range from 300-850).
Which of the following is not a reason that concert ticket prices have increased over the years?
Ticketmaster may be reaping the benefits of higher ticket prices, but tickets to concerts have become more expensive for a plethora of other reasons, including bots that buy and sell tickets at inflated prices, a loss of artist revenue from music sales as listeners have switched to streaming, and the fact that people are simply willing to pay more to see a show.
An $80 “America the Beautiful” pass will get you into more than ___ recreational sites around the country, including national parks, national forests, and national wildlife refuges.
The pass will grant you access to 2,000 recreational sites around the country. Though it isn’t free, it’s sure to get you your money’s worth if you’re looking to get outside this summer without breaking the bank. Entry into a single national park typically costs between $25 and $30 per vehicle, for comparison.
The ___ you are when you purchase a life insurance policy, the ___ your monthly premiums are likely to be.
If you want low premiums, you may want to sign up for a life insurance policy when you’re young. The premiums may only increase with age, as the possibility of both illness and death increases as well.
If you have $17.76 in your bank account, what could you consider doing with it first?
Yes, you can start investing with only a few bucks. But a more responsible decision would be to save it and start an emergency fund first. Build up your savings, and then worry about investing.
The median salary for Americans in their early 20s and early 30s is between $___ and $___.
Median salaries for young adults in their 20s and early 30s is between $29,000 and $38,000, according to data from the federal government. That’s not an awful lot of income to work with, especially when average student loan indebtedness is tens of thousands of dollars.
You can legally deposit up to $___ in a custodial account (essentially, a brokerage account for children) before triggering the “gift tax.”
A custodian can put $15,000 in a custodial account before the “gift tax” for 2018 kicks in. The gift tax is a federal tax on any transfer of assets from one person to another that exceeds a given amount. For 2018, that threshold is $15,000.
Read more: 5 Things to Know About Custodial Accounts
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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.