The example of productive debt from the options provided is student loan debt. Productive debt is typically considered an investment in one’s future earning potential, such as taking on debt for education.
Question
When Keely moved back in with her parents because she needed to pay down some of her debts, her mother talked to her about the difference between productive and nonproductive debt. Which is an example of productive debt?
(1 point)
Responses
credit card debt
credit card debt
student loan debt
student loan debt
vacation expenses
vacation expenses
furniture payment plans
1 answer