Exam 8: Managing Economic Resources

There is not a strong relationship between marital happiness and money.

The term used in this text to describe individuals who are very likely to get into credit card trouble is:

Many low-income and minority families do not put their money in the _____.

In a study of 1,000 newlywed couples married three to nine months,couples were asked to indicate their level of debt in all areas EXCEPT:

Which of the following is NOT a part of the overall definition of budgeting?

Bankruptcy

The U.S.Census Bureau defines middle-income families as those making between

What group is most likely to fall into credit card debt?

Net worth gives a good picture of financial health.

How much should a family spend per month on housing expenses?

Being poor has multiple stresses.

Sophia and Marcel just found out that they need a new roof and that it will cost $20,000.This will lead to excessive debt due to:

What is the relationship between gender and income differences?

In many cases,owning a home forces people to save money.

Many European American middle class folk view the _____ as being fiscally irresponsible when in fact it is a cultural strength.

Money is not a taboo subject in families.

According to the textbook how much could a year of divorce cost in total?

Research shows that in generally,after the household income reaches about $50,000:

Because many low-income families may have suffered financial stresses,they may not have:

Many couples do not create and stick to a _____.