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
2023-11-01
33
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(困境,窘况), 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 may serve as the best title of the passage?
选项
A、Increasing Financial Literacy
B、Avoiding Taking on More Debt
C、Improving Financial Education
D、Knowing More about Finance
答案
A
解析
主旨题。全文主要围绕一项关于高中开展金融知识教育的研究,指出合理设置课程,提高学生金融方面的知识和能力,对未来避免过多负债十分重要,这与[A]所说的提高金融能力相符合,故为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3150345.html
相关试题推荐
Ofcourse,talkingaboutsomethingwhichaffectsthempersonallyis______motiv
Ofcourse,talkingaboutsomethingwhichaffectsthempersonallyis______motiv
Weshouldalwaysbearinmindthat______decisionsoftenresultinseriouscons
Goodlovemakesyouseethewholeworldfromonepersonwhilebadlovemakesyou
ThethreeAmericanswereawardedtheNobelPrizeineconomicsfortheir______.[
ThethreeAmericanswereawardedtheNobelPrizeineconomicsfortheir______.[
Whatpreventsthemanfromtakingthepoetsof1960’sclass?[br][originaltext
Whatpreventsthemanfromtakingthepoetsof1960’sclass?[br][originaltext
WhyismostPalestinians’economicsituationworsening?[originaltext]Thema
Whetherapersonisright-handedorleft-handedresultsfrom[br][originaltext
随机试题
In1900,theUnitedStatesrankedfirstintheworldintheproductionof______.
Livinginthedesertinvolvesalotofproblems,________watershortageisthew
Someexpertssuggestthatweslowdownthe(economy)______growthinthecountr
初中音乐《红河谷》 一、考题回顾 题目来源:5月18日吉林省长春市面试考
要实现有效的外部资源整合管理,制造商的采购活动应当()。A.和供应商建立长期互
某企业按年利率10%向银行借款1000万元,银行要求保留15%的补偿
采用多层化学涂层技术的仪器进行定量检测,用的方法是A.反射光度法B.散射光比浊法
绩效面谈的类型包括()。A.单向劝导式面谈 B.单向倾听式面谈 C.双向倾
解决台湾问题,实现祖国的完全统一,关键在于 A.提高大陆军事力量B.增强大陆综
根据《建设工程监理规范》,总监理工程师不得委托给总监理工程师代表的工作有()。A
最新回复
(
0
)