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Government Debt
The total amount of money that a government owes to creditors, which can include foreign governments, domestic banks, and other financial institutions.
Lifetime Income
The total amount of money earned by an individual over the course of their life.
Consumption Tax
A tax on the purchase of goods and services, paid directly by consumers.
Tax-Advantaged
Refers to investments or accounts that offer tax benefits or exemptions to the investor, reducing the tax burden and enhancing potential financial returns.
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