Author Question: Which of the following best describes the debt service-to-income ratio? a. the percentage of ... (Read 41 times)

justinmsk · **on:** Jul 2, 2018

Which of the following best describes the debt service-to-income ratio?

a. the percentage of income devoted to debt payments
b. the ratio of all essential living expenses (i.e., housing, food, and transportation) to income
c. the average interest charged by credit card companies, plus fees, as a fraction of monthly income
d. the cost of student load debt amortized over lifetime earnings

Question 2

Which recent trends help explain the erosion of economic security among today's young adults?

a. rising unemployment
b. slow real wage growth
c. large increases in college tuition
d. all of the above