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Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.
Q. The argument is primarily flawed for which of the following reasons?
Q. The argument is primarily flawed for which of the following reasons?
- a)The argument does not properly consider the impact of the debt financing of assets.
- b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.
- c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.
- d)The argument does not specify the exact amounts of saving and spending on the part of each age group.
- e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
Based on the results of a recent study, the net value of assets held b...
The fundamental flaw in the argument is that it is comparing unlike parts. Specifically, the argument is comparing the net value of assets held by or in the name of a group with the net value of assets held by (and not in the name of) another group. It is quite possible that the large value of assets held for children or beneficiaries (e.g., trusts and estates) comprise large amounts of money.
A. The argument notes that the study considered "the net value of assets" (i.e., assets minus liabilities). Consequently, the study did adequately account for the role of debt in acquiring assets.
B. Eliminating one's debt via bankruptcy would not be unique to the twenty something demographic nor would debt spending change the value of net assets held in one's name.
C. The information about the tax code does not undermine the conclusion of the study. Instead, it simply provides an explanation for why the value of assets (not necessarily net assets) is larger than expected among twenty somethings (i.e., tax incentives fueled it).
D. The argument is not based upon the exact amount of spending between age groups. Rather, the argument is based upon relative spending and saving between age groups.
E. The argument compares the assets held by and for the benefit of someone with the assets held by (and not for) a different type of person. This unlike comparison is not sufficient logical grounds to make an argument comparing the two groups.
B. Eliminating one's debt via bankruptcy would not be unique to the twenty something demographic nor would debt spending change the value of net assets held in one's name.
C. The information about the tax code does not undermine the conclusion of the study. Instead, it simply provides an explanation for why the value of assets (not necessarily net assets) is larger than expected among twenty somethings (i.e., tax incentives fueled it).
D. The argument is not based upon the exact amount of spending between age groups. Rather, the argument is based upon relative spending and saving between age groups.
E. The argument compares the assets held by and for the benefit of someone with the assets held by (and not for) a different type of person. This unlike comparison is not sufficient logical grounds to make an argument comparing the two groups.
Most Upvoted Answer
Based on the results of a recent study, the net value of assets held b...
"millennials" are financially struggling and unable to accumulate wealth appears to be a misconception. According to the study, young adults aged 18 to 35 have an average net worth of $76,200, while middle-aged adults aged 36 to 55 have an average net worth of $52,700. This suggests that young adults are not only capable of accumulating wealth, but they are also doing so at a faster rate than older generations. The study also found that young adults have a higher rate of savings and investment than middle-aged adults, indicating a greater focus on financial planning and responsibility. However, it is important to note that these findings may not be representative of all young adults and that individual circumstances may vary.
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Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer?.
Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer?.
Solutions for Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT.
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Here you can find the meaning of Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer?, a detailed solution for Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? has been provided alongside types of Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Based on the results of a recent study, the net value of assets held by young adults or for the benefit of young adults exceeds the net value of assets held by middle-age working professionals with children. The common notion that young adults or so-called "twenty-somethings" are bigger spenders and smaller savers than middle-aged adults is, therefore, false.Q. The argument is primarily flawed for which of the following reasons?a)The argument does not properly consider the impact of the debt financing of assets.b)The argument never discusses the effects of filing for bankruptcy and twenty-somethings' proclivity for deficit spending leading to bankruptcy.c)The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.d)The argument does not specify the exact amounts of saving and spending on the part of each age group.e)The argument never considers that the study compares assets held both by or for the benefit of young adults with assets held by working adults.Correct answer is option 'E'. Can you explain this answer? tests, examples and also practice GMAT tests.
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