Final answer:
By not making responsible debt choices, we are placing higher debt burdens on our children and threatening their standard of living and retirement.
Step-by-step explanation:
The statement, 'By not making responsible debt choices, we are placing higher debt burdens on our children and threatening their standard of living and retirement,' is true.
When individuals make irresponsible debt choices, they may accumulate high levels of debt that they pass on to their children. This can negatively impact their children's standard of living and ability to save for retirement. For example, if parents have large amounts of debt and are unable to save for retirement, they may have to rely on their children for financial support in their old age, thus burdening the younger generation.