-
Home
- Business
- Economy
- Capitalism Market Economy
- Lesson 10: Income, Saving , and
- If you expect to live to at
-
Card 53 / 100: If you expect to live to at least 80 years old, why should you seriously consider saving a large amount of your income and investing it while you are young?
Answer:
At some point I will not want to, or even be able to, work full time and earn an income. I will want to have a big stockpile of savings to live off of at that point, so that I don't need to ask my family or the government to support me. Because of compound interest, if I start saving just a little bit earlier in my life, it can have a tremendous impact on how much wealth I have when I retire. Sample Partial Credit Answer I need to save so that I will be able to live when I am older.
-
Keyboard Shortcuts
| Previous Card |
← Previous Card Button |
| Next Card |
→ Next Card Button |
| Flip Card |
Space-Bar |
<< First
< Previous
Flip
Next >
Last >>
Interactive Question
Test Home Page
|
Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
|
Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
