Wednesday, November 19, 2008

Money & Business

Quiz: How Tightly Are Consumers Squeezed?

June 23, 2008 11:41 AM ET | Kimberly Palmer | Permanent Link | Print

Everyone knows times are tight. But do you know just how tight? Take this Alpha Consumer Quiz to test yourself on how the economic slowdown is changing consumers' daily lives.

How much credit card debt does the average consumer carry?
1. $600
2. $1,700
3. $2,500
4. $3,800
Which state has the highest average credit card debt?
1. Alaska
2. California
3. Nevada
4. Michigan
What share of consumers reports spending $200 or more on gas for cars each month?
1. 10 percent
2. 25 percent
3. 35 percent
4. 50 percent
How much has the price of milk increased over the past year?
1. 1 percent
2. 5 percent
3. 7 percent
4. 14 percent
What about butter?
1. 2 percent
2. 4 percent
3. 6 percent
4. 9 percent