Which of the following statements best describes the costs and benefits of paying for education? Select all that apply.

Question

(1 point)
• Investing in one's education may lead to increased lifetime income.
• Investing in one's education rarely leads to increased lifetime income.
• Spending money on education often leads to debt that must be repaid later.
spending money on education only makes sense if it can be done without taking
, Consumer goods such as cars or cell phones are better investments than paying for education.

Answer 1

The statements that best describe the costs and benefits of paying for education are:

• Investing in one's education may lead to increased lifetime income.
• Spending money on education often leads to debt that must be repaid later.

The other statements do not accurately reflect the typical relationship between education, costs, and benefits.