Jeff Bloom wants to have a house just like the one his parents had when he was a teenager.He finds the house he wants and gets an interest-only loan on it for the first five years.Which one of the following best explains Jeff's spending,which can lead to overindebtedness?
A)Misunderstanding or lack of communication
B)The use of money to punish
C)The expectation of instant comfort
D)Keeping up with the Joneses
E)Overindulgence of children

Question

Quizplus · Accepted Answer

The expectation of instant comfort explains Jeff's spending, which can lead to overindebtedness, as he wants to immediately replicate the comfort and lifestyle he experienced in his parents' house without considering the financial implications of an interest-only loan.

Jeff Bloom Wants to Have a House Just Like the One