[Related to the Apply the Concept on page 405] In an opinion column in the Wall Street Journal, Purdue University President Mitchell Daniels wrote that “today’s 20- and 30-year-olds are delaying...

[Related to the Apply the Concept on page 405] In an

opinion column in the Wall Street Journal, Purdue University President Mitchell Daniels wrote that “today’s 20- and

30-year-olds are delaying marriage and delaying childbearing, both unhelpful trends from an economic and

social standpoint.” Why might young people be delaying marriage and childbearing? Why would this trend be

unhelpful from an economic point of view? Is the trend

possibly connected with the slow recovery from the

2007–2009 recession? Briefly explain.

Source: Mitchell E, Daniels, “How Student Debt Harms the

Economy,” Wall Street Journal, January 27, 2015.