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
2024-09-25
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] What did the study about financial education find out?
选项
A、Learning more economic knowledge can help people to avoid taking on debt.
B、Delayed purchase of the first house will effectively lower people’s financial risks.
C、Different financial subjects may enhance students’ competence in quite different ways.
D、Financial education enables students to handle personal finance more appropriately.
答案
D
解析
细节题。研究发现主要集中在第三段。本段指出,金融教育降低了破产的概率,延迟了他们购买自己的第一套房产(在最好的时间里的一种风险性投资),可见学生能够更合理处置个人的金融事务了,因此[D]是答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3773346.html
相关试题推荐
Haveyoueverbeeninasituation______youknowtheotherpersonisrightyet
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
Jobsatisfactionisabusinesstermthatreferstoaperson’scontentmentwi
随机试题
Peoplewithdisabilitiescomprisealargepartofthepopulation.Itis【C1】_
Mostpeopledon’twakeupinthemorning,combtheirhair,andwalkoutthe
Herushed(danger)______acrossthestreettocatchthebus.dangerously修饰动词应该用副词
制作统计图时要求()A.纵横两轴应有标目,一般不注明单位 B.纵轴尺度必须
男性,44岁。因高处坠落多发性骨折并发急性呼吸窘迫综合征(ARDS),骨折已处理
日本国名意为“日出之国”。国家政体为议会君主立宪制。天皇为国家象征,无权参与国政
患者。女,31岁。3年来怀孕3次,均不足3个月而流产,听力减退,带下清稀。腰部酸
(一)资料 2020年3月,某审计组对乙公司2019年度的财务收支进
关联购销类的关联交易主要集中在()的行业。A:资本密集型B:劳动密集型C:技
我国《保险法》在投保人违反如实告知义务的主观要件上采取的是()原则。A.过失责
最新回复
(
0
)