#132Highlight Incorrect WordsAcademic,CoreMedium

Household Debts

Official Question Material
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Official Audio Prompt

Household debt is the amount of money that [households:housing] have borrowed and need to re-pay. Their most recent [data:date] indicate that households are in debt somewhere around $14 trillion. Most of that $14 trillion, $9 trillion or so is debt that's due from mortgages and the rest of the debt are things like [cars:houses] , college debt which is [growing:large] and becoming a problem and credit card [debt:loans] . I think it's not just the bottom end, it's certainly greater at the bottom end since they have less income and less ability to get out of debt but it also is becoming a [problem:solution] for the middle class.

Sample Answer & Audio Transcript

Household debt is the amount of money that households have borrowed and need to re-pay. Their most recent data indicate that households are in debt somewhere around $14 trillion. Most of that $14 trillion, $9 trillion or so is debt that's due from mortgages and the rest of the debt are things like cars , college debt which is growing and becoming a problem and credit card debt . I think it's not just the bottom end, it's certainly greater at the bottom end since they have less income and less ability to get out of debt but it also is becoming a problem for the middle class.
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