Explanations for the High Saving Rate in Japan Consistent with the Bequest

question 78

Multiple Choice

Explanations for the high saving rate in Japan consistent with the bequest reason for saving include:

• A)long life expectancies and large down payments required for home purchases.
• B)lifetime employment.
• C)the desire to leave resources to children who provide support and attention to parents in their old age.
• D)low unemployment rates in Japan.

---

Definitions:

Deferred Gratification

The capacity to withstand the allure of an instant gratification in favor of receiving a reward at a future time.

Classism

Prejudice or discrimination based on social class, often manifesting as an unequal treatment of people from different economic and social backgrounds.

Welfare Rates

The level of financial support provided by the government to individuals under social welfare programs.

Class Position

Denotes an individual's or group's location within a hierarchical social structure, often determined by occupation, wealth, education, and social connections.