Only Saving Now and Curtailing Current Spending Can Ensure Comfortable

question 139

True/False

Only saving now and curtailing current spending can ensure comfortable retirement later.

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Definitions:

Economic Conditions

The state of the economy at a certain time, including factors like inflation, unemployment rates, and GDP growth.

Acculturation

The process of cultural change and psychological change that results following meeting between cultures.

Enculturation

The process by which individuals learn and adopt the values, customs, and norms of their culture.

Assimilation

The process by which a person or a group's language and/or culture come to resemble those of another group.