directions\nanswer the following questions and be ready to discuss your answers with the class.\n6. did you…
directions\nanswer the following questions and be ready to discuss your answers with the class.\n6. did you know that 72% of americans are burdened with debt? what makes this percentage surprising?\n7. even though america is the wealthiest nation in the world, why do you think so many americans are struggling with money problems?\n8. what kind of loan debt is not alleviated when you file for bankruptcy?\n9. how do a persons financial decisions impact his or her financial well - being over a lifetime?\n10. what did you learn from this lesson?
Answer
Brief Explanations:
- It's surprising because America is seen as wealthy. High - debt levels may contrast with this perception.
- Reasons could include high cost of living, consumerism, lack of financial education.
- Student loan debt is often not alleviated in bankruptcy.
- Poor financial decisions like over - borrowing can lead to long - term debt and stress. Good decisions like saving early can lead to financial security.
- Answers will vary based on individual learning from the lesson, could include understanding of debt, bankruptcy, and financial decision - making.
Answer:
- The perception of America as wealthy contrasts with a high percentage of debt - burdened citizens.
- High cost of living, consumerism, and lack of financial education may be factors.
- Student loan debt.
- Poor decisions can cause long - term debt and stress; good decisions can lead to security.
- Varies based on individual learning about debt, bankruptcy, and financial decisions.