More than half of all millionaires never inherited money.
False
True
15
Most millionaires attended private schools.
False
True
15
Most millionaires drive expensive new cars.
False
True
15
Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech
False
True
15
Most millionaires work for very large public companies
True
False
15
Many poor people become millionaires by winning the lottery
False
True
15
A college graduate earns almost double the annual income of a high school graduate.
True
False
15
If a high school graduate invests the difference between his or her earnings and the earnings of a high school dropout, from age 18 until age 67, at 8 percent interest, the high school graduate would have $5,500,000 more than the dropout
False
True
15
Investors who hold stocks for the long-term have better long-term stock returns than those who buy and sell stocks more frequently
False
True
15
Millionaires tend to avoid the stock market.
True
False
15
At age 18, you decide not to drink soda from the vending machine and save $1.50 a day. You invest this $1.50 a day at 8% interest. At age 67, your savings from not buying soda are almost $300,000.
True
False
15
If you save $2,000 a year from age 22 to age 65 at 8 percent interest, your savings will be over $700,000 at age 65.
Fale
True
15
Millionaires tend to be single rather than married.
True
False
15
Which of the following careers do not produce the most millionaires?
