首页
登录
职称英语
Taking on debt is one of the most important economic decisions a person can
Taking on debt is one of the most important economic decisions a person can
游客
2023-11-03
68
管理
问题
Taking on debt is one of the most important economic decisions a person can make. Borrowing to invest in education can yield a large return. However, debt is a risky endeavour, and can carry a high cost if it is not promptly repaid. Compound interest can amplify even small periods of delinquency, leading to lower incomes, scarred credit ratings, even bankruptcy. Yet those who take on the most debt are the young, people who need to make large investments in education and housing, but who generally lack any experience with financial matters. Fortunately, new research shows that courses in finance at school can help solve this predicament(困局,穷境), reducing the harmful repercussions(反响)from taking on too much debt later in life.
The authors study the impact of a large scale expansion of finance-related courses in US high schools. In 1999, mandatory teaching of economics and financial literacy was minimal. Illinois was the only state which had a compulsory course on financial literacy, and only 10 states ensured that their students covered basic economics. However, over the subsequent decade the majority of states introduced compulsory courses in these areas, including extending the sequence of mathematics classes each student must take to graduate. To measure the impact of financial education, the authors tracked each group of students which were forced to take these subjects and compared their subsequent interactions with debt using the New York Federal Reserve’s Consumer Credit Panel.
The authors found that increased education about financial concepts broadly lowered the rates of bankruptcy among former students. It also led to a delay in the purchase of their first house(a risky investment at the best of times). Perhaps unsurprisingly, they also found that the effects of education varied according to which subjects were taught. Increasing education in mathematics and finance improved debt outcomes later in life. Students were less likely to be declared bankrupt and more likely to repay their debt on time, although these effects faded with age. Curiously, the introduction of an economics course led to higher debt burdens, with increased rates of delinquency later in life. The authors speculate that this may be because learning about economics provides students with a false sense of confidence(a trait not uncommon amongst professional economists): demystifying(阐明,启发)the debt market enough to encourage participation, but not providing enough detail to warn of the potential dangers. This makes sense as introductory economics largely avoids topics such as compound interest and repayment plans, which are critical to understanding how debt works.
The benefits of an education in economics aside, the study ultimately highlights the importance of understanding the basics of personal finance—a respect of life that everybody must engage with. As this research confirms, those who understand interest earn it: those who don’t, pay it. [br] Which of the following statements would the author most likely agree with?
选项
A、Economics course misleads students with false financial concepts.
B、Students shouldn’t be encouraged to participate in the debt market.
C、The high schools should stop teaching introductory economics.
D、Only with more rational design can economics course be helpful.
答案
D
解析
推断题。作者在第三段中讨论到有些课程由于不合理地误导了学生而产生了负面影响,可见高中金融课程只有进行合理设置才能帮助学生,故[D]为答案。
转载请注明原文地址:http://tihaiku.com/zcyy/3155566.html
相关试题推荐
Wemustn’trelyonsheerenthusiasmandsubstituteourpersonalfeelingsforpol
TypeDpersonality,firstdefinedinthe’90s,ischaracterizedbyfeelings
TypeDpersonality,firstdefinedinthe’90s,ischaracterizedbyfeelings
TypeDpersonality,firstdefinedinthe’90s,ischaracterizedbyfeelings
Takingondebtisoneofthemostimportanteconomicdecisionsapersoncan
Takingondebtisoneofthemostimportanteconomicdecisionsapersoncan
Withtherisksobviousandgrowing,acautiousperson______aninsurancepolicyn
Americansoftensaythatthereareonlytwothingsapersoncanbesureofi
Americansoftensaythatthereareonlytwothingsapersoncanbesureofi
AllthePresident’sMen______oneoftheimportantbooksforhistorianswhostu
随机试题
Manyatime______givenmegoodadvice.A、hasLaoLiB、LaoLihasC、willLaoLi
TheArtofListeningI.Inthelastlecture,Communicationcompetence:
脸谱中红色代表的性格特征是()。A.勇猛、直爽 B.忠勇、正直 C.奸诈
雷雨天气,需要巡视室外高压设备时,应穿绝缘靴,并不准靠近()。(A)互感器(
在输配电设备中,最容易遭受雷击的设备是()变压器;断路器;输电线路;避雷器
阅读下面材料,并回答问题:材料1:一天,三岁的萨米走进幼儿园的积木区小组。“那是
票面利率、剩余期限、付息频率均相同,到期收益率不同的债券,到期收益率较低的债券,
某市国有投资部门出资51%,其他34名股东共出资49%组建红星有限责任公司。19
银行承兑汇票的承兑银行,应当按照票面金额向出票人收取()的手续费。A:千分之一
最新回复
(
0
)