People can use credit to finance investments in education and housing. The benefits of using credit in this way are spread out over a period of time and may be large. The large costs of acquiring the education or housing are spread out over time as well. The benefits of using credit to make daily purchases of food or clothing are short-lived and do not accumulate over time.
Standard detail
8.
Benchmark
Depth 1Parent ID: BD0010AE2C194BBABEE75C646811EF7EStandard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 8.
- List ID
- 8.
- Standard ID
- DF9A163FBAB147148CFEFFD8DB0A3CB5
- ASN identifier
- S2604581
- Subject
- Financial Literacy
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- BD0010AE2C194BBABEE75C646811EF7E
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US