Ivan91 wrote:
Based upon 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-age adults is, therefore, false.
NVA ( Young Adults for their benefits ) > NVA (
Middle aged working Professionals with children)
The notion young adults are bigger spenders is false.
1.
Young Adults = Spending > Saving 2.
Middle Aged Adults = Spending <= Saving The survey compares -
Young Adults Vs
Middle aged working Professionals with childrenThe notion states -
Young Adults Vs
Middle Aged AdultsMiddle Aged adults = Middle aged working Professionals ( With children + Without children) + Middle aged non working Professionals ( With children + Without children)
The survey takes into consideration only Middle aged working Professionals with children and draws conclusion on Middle Aged adultsThe 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.
- Out of scope & IrrelevantB) The argument never discusses the effects of filing for bankruptcy and twenty somethings' proclivity for deficit spending leading to bankruptcy.
- Out of scope & IrrelevantC) The argument never discusses the role that the country's tax code, which encourages financial investment on the part of twenty somethings, plays.
- Out of scope & IrrelevantD) The argument does not specify
the exact amounts of saving and spending on the part of each age group. - Irrelevant
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.Lets examine the last part of the option (E) before finalizing it -
The study compares assets held
both by ( young adults )
or
for the benefit of young adults ( Held by Adults other than young adults )
with
assets held by working adults. ( held by working adults with children + held by working adults without children)
Hence IMHO (E) . _________________