Why is it important to begin saving for the future at a young age? o to make it so you can blow all your cash when you turn 50 to make it really stressful to save for the future to take advantage of the time value of money to ensure that you have a poverty-stricken retirement

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter21: Financial Markets, Saving, And Investment
Section: Chapter Questions
Problem 6P
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Why is it important to begin saving for the future at a young age?
to make it so you can blow all your cash when you turn 50
to make it really stressful to save for the future
to take advantage of the time value of money
to ensure that you have a poverty-stricken retirement
Transcribed Image Text:Why is it important to begin saving for the future at a young age? to make it so you can blow all your cash when you turn 50 to make it really stressful to save for the future to take advantage of the time value of money to ensure that you have a poverty-stricken retirement
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