According to consumer affairs experts, one of the nation's main family financial problems is
A)that families don't prepare their budgets.
B)over-indebtedness.
C)over consumption.
D)buying too much insurance.
E)unemployment.

Question

Quizplus · Accepted Answer

Over-indebtedness is a financial problem where families have more debt than they can afford to pay back. This can lead to financial stress, missed payments, and damaged credit scores. Over-consumption and buying too much insurance can also contribute to financial problems but they are not as widespread as over-indebtedness. Unemployment is also a major financial problem but it is not solely a family issue. Budgeting is important but not preparing a budget is not necessarily a major financial problem on its own.

According to Consumer Affairs Experts, One of the Nation's Main