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
53
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
Modemadvertisingmentrytojustifywhattheydobytellingusoftheadva
AnofficetoweronMillerStreetinManchesteriscompletelycoveredinsolar
Theriskofdepressionforpeoplewholivealoneisalmost80percenthigher
—正方形截面短粗立柱(见图a)),若将其低面加宽一倍(见图b)),原厚度不变,则
简述“尺规作图”的基本要求,并写出古希腊时期“几何作图三大问题”的具体内容。
属于胸苷酸合成酶抑制剂的是A.巯嘌呤 B.利妥昔单抗 C.羟基脲 D.氟尿
16、现场检修工作时,SV采样值网络与GOOSE网络可以联通。
《史记》体例有五:十二本纪,记帝王政迹,是编年的。十表,以分年略记世代为主。八书
从大量收购案例来看,防御性收购的最大受益者是股东,而不是公司经营者。()
关于母线安装的条件,正确的有()。A.建筑屋顶、楼板已施工完毕,且不得渗漏
最新回复
(
0
)