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concepts
| Variable | Question text | Label |
|---|---|---|
| cn001 | On a scale from 1 to 7, how would you assess your overall financial knowledge?
| overall financial knowledge |
| cn002 | How would you assess your parents’ understanding of financial matters during their prime working years, i.e., when they were 40-60 years old? Please refer to the parent that is (or was) mostly responsible for major financial decisions (on a 7-point scale: 1 means very low and 7 means very high). | assessment of parents' understanding of financial matters--scale |
| cn002_DK | assessment of parents' understanding of financial matters--DK/NA | |
| cn002_scale | How would you assess your parents’ understanding of financial matters during their prime working years, i.e., when they were 40-60 years old? Please refer to the parent that is (or was) mostly responsible for major financial decisions (on a 7-point scale: 1 means very low and 7 means very high). | assessment of parents' understanding of financial matters--scale |
| cn003 | Do you or did you have older siblings when you were growing up? | older sibling |
| cn004 | How much older was your oldest sibling than you? | age difference |
| cn005 | As an adult, would you say that your oldest sibling was in worse, better, or about the same financial condition as you? | oldest sibling financial situation |
| cn006 | Did you ever participate in a financial education class or program offered in high school or college, in the workplace, or by an organization or institution where you lived or worked? | ever participated in financial education class |
| cn007 | Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow? | $100 after 5 years |
| cn008 | Suppose you owe $1,000 on a loan and the interest rate you are charged is 20% per year compounded annually. If you didn’t pay anything off, at this interest rate, how many years would it take for the amount you owe to double? | loan amount owed |
| cn009 | Buying a single company's stock usually provides a safer return than a stock mutual fund. | single stock safer return than mutual fund |
| cn010 | Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account? | savings account amount after interest |
| cn011 | Which of the following indicates the highest chance that rain will occur? | chance of rain |