Empty Nesters Tend to Start Dreaming of Spending Their Greater

question 90

Multiple Choice

Empty nesters tend to start dreaming of spending their greater discretionary income on

• A) music and movies.
• B) furniture and remodeling.
• C) higher education.
• D) travel and hobbies.

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Definitions:

Allowance

A fixed amount of money given regularly, typically to children by their parents, as pocket money or for specific purposes.

Temporal Discounting

The tendency to value immediate rewards more highly than future rewards, often leading to impulsive decision-making.

Present

Present refers to the current moment or the actual time in which an event occurs or a condition exists.

Future

The time or a period of time following the present moment, often considered as yet to come.