MAT FPX 2001 Assessment 1 Initial Survey Design

MAT FPX 2001 Assessment 1 Initial Survey Design

Initial Survey Design Template:

Your Name:

Date:

Instructions:

To submit your responses to the assessment, please upload the document corresponding to each question. You should only modify the template by adding or removing space.

What is the focus of your survey?

My survey will focus on personal finance, explicitly saving money.

How significant is the subject? What implications can the study’s findings have for your personal or professional life?

Individual funds are pivotal because they affect everybody in the world. Many people struggle to save money despite having high incomes, so saving is essential. Finding a high-paying job or earning a degree to pursue a lucrative career is more complex than saving money. We should investigate this to help people cut costs and feel better about themselves. I want to get information from people who save a lot and use that information to find helpful information about people’s propensities for saving money. I can also share this information with others to help them develop effective money-saving strategies.

What kinds of things can be remembered when gathering information?

Include at least three potential review-related factors. Give a brief overview of the possible variables in at least one paragraph.

The Reserve funds sum, pay, and Reserve funds procedures are potential considerations for information gathering. I need to figure out how much individuals save, and a brief time frame later, I need to focus on how individuals who save the most get it moving. Savings will be a dependent variable.

MAT FPX 2001 Assessment 1 Initial Survey Design

Then, I want to see how independent variables like income affect savings. I also want to see examples of money-saving strategies like “frugality,” “inheritance,” “single,” “investments,” and “no strategy,” as well as other possible explanations for why someone has a lot of money saved.

Recognize who you need to reach. About your intended audience, write three to five sentences. Include specific information about your population’s age range, gender, location, and any other identifiers relevant to and unique to it.

My audience will consist of individuals between the ages of 18 and 35 living in the Washington, D.C., metropolitan area. I will specifically review people whose bank accounts exceed $10,000.

Explain why you think this is the best example to review. Give at least one paragraph to explain why you decided to study this group.

The survey’s qualifying amount of $10,000, as stated by Moebs Services Inc. (Reckard, 2014), was chosen because it is thought to be higher than the national savings account average of $4,436, as stated by Moebs Services Inc. Above-average savers, particularly those between the ages of 18 and 35, have nearly twice as much in reserve funds as the public average.

MAT FPX 2001 Assessment 1 Initial Survey Design

I will only accept people over 35 if better-prepared people tend to hold onto more assets. They use them for longer and accumulate more investment funds through 401(k) plans and other retirement means. Additionally, the proximity of the Washington, D.C., metropolitan area to my residence influenced my decision. D.C.’s population is comparable to other major urban areas like Chicago, New York, and Los Angeles, even though its scope will be limited—moreover, D.C.’s. Average investment funds are similar to those of other significant urban communities.