Question

"I can't help but think that if the average American had a better understanding of how loans worked the housing crisis might have been much less damaging, and the amount of student loans outstanding wouldn't be anything close to $1 million"

Explain if you agree or disagree with this quote

Answer 1

I agree with this quote, as not understanding how loans work can be very damaging. Americans should be more educated on how loans work and could lower the about of student loans because $1 million is way more over priced then it has to be, if people were only more educated.