How Do You Compare?

I read this article on Yahoo a few weeks ago, and thought I'd see how I measured up.  It is an American survey, but I can't imagine there would be huge differences in the results.

1) How Much Credit Card Debt Does Your Household Have?
A) Less than $5,000
B) Less than $10,000
C) More than $15,000

If you answered C, you are in the same boat as the 54 million American households that have credit card debt. The average credit card debt total per household is $15,788.
My answer is A - I actually have $0 credit card debt, in fact the Visa bill that came a few days ago is for -$2.51.

2) How Many Credit Cards Do You Have?
A) 0
B) 1
C) 3 or more
If you answered C, your stack of credit cards is the same size as the average American with 3.5 open credit cards. Approximately 51% of the U.S. population has at least two credit cards.
B - Just a Visa for me, although I'm thinking of switching the type of Visa I have with TD...I've checked and I wouldn't need to have a credit check done since my current Visa is with them.  I don't foresee myself using the GM $, so right now I'm not receiving any usable rewards for me.

3) What Kind of Credit Card(s) Do You Have?
A) American Express
B) Visa
C) Mastercard

If you answered B, you have the same credit card as more than 270 million Americans. The second most popular form of plastic cash is Mastercard with 203 million card carriers. In 1958, American Express became the first widely accepted charge card, but now it falls behind Visa, Mastercard and Discover (54.4 million) with 48.9 million in circulation.
B for me!

4) What Do You Spend Most of Your Annual Paycheck on?
A) Housing
B) Transportation
C) Food

If you answered A, your annual expenditures match those of the average American. According to the Bureau of Labor Statistics (2008), the average American consumer spends 34% of their income on housing costs which include shelter, utilities, household supplies, and home furnishings and equipment. Transportation expenditures such as vehicle purchase, gasoline and public transportation take up 17% of the average annual budget. Food, both at and away from home, comes in third at 13%.
Most of my pay cheque goes to savings, but of these choices it would be A.  Housing is 29%, Transportation is 1-2%, and Food is 10%.

5) What Percentage of Your Annual Income Do You Save?
A) 6%
B) 15%
C) 10%

If you answered A, you are right on target with the average American. At 6%, American savings habits are ranked last among China (30%), Switzerland (14%) and Germany (13%). Less than half of Americans report that they save regularly. The highest rate of savings was during World War II when Americans were stashing away 26% of their earnings. During the Great Depression in 1932, Americans weren't saving at all with a rate of -1.1%.
Currently I am saving about 47% of my income, but that savings will be put into a down payment for my first home.  My long-term savings is at 10% right now.

6) What is Your Annual Household Income?
A) Less than $20,000
B) Less than $30,000
C) More than $40,000

If you chose C, you are earning as much income as the average American household. In 2009, the median household income in the U.S. was $49,777. Income tends to be highest in the Northeast and West part of the country at a median of $53,073 and $53,833 respectively. The Southern region of the U.S. has the lowest annual income median at $45,615.
My annual income is $47,000 in my full-time job.  According to 2008 Stats Can figures the average income for an unattached non-elderly female is $33,500, so it looks like I'm doing well! The median family income for Toronto in 2008 was $68,120.

7) What is (or Will Be) the Source of Your Retirement Income?
A) Social Security
B) Employer sponsored retirement savings plan
C) Employment income

If you chose A or C, you expect to get retirement money from the same source as 77% of working-aged Americans. Nearly the same amount of Americans, 75%, will use an employer-sponsored savings plan for their retirement income, according to the Employee Benefit Research Institute.
I currently have RRSPs with one of my major banks.  I am not working for an employer that has a pension plan, so my entire retirement investments are from personal RRSPs. We'll see in 30 years where the Canadian Pension Plan is at!

8) What is Your Credit Score Rating?
A) Less than 600
B) 600 to 700
C) Greater than 700

If you chose B, your credit score is within the range of the average credit score in the U.S., which is 692. This is considered to be a fair to good credit rating. A credit score below 600 is generally labeled as a poor rating. A score in the 750-850 range or higher is an excellent score that will usually qualify you for the best interest rates on loans. According to Experian, residents of New England have the highest credit scores in the country at an average of 712. The West South Central region of the U.S. has the lowest average credit score at 673
I pulled my credit score within the past couple of months with both Trans Union and Equifax. My scores were 789 and 803. I was pretty happy with the scores. 

How well do you measure up in this quiz??