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Demographic Group
A segment of the population defined by certain characteristics such as age, race, gender, or income, used in statistical analysis and marketing.
Economic Life Cycle
The different stages an individual goes through from dependence to independence, potentially to wealth accumulation, and finally to retirement and dependence once more, in terms of earning and spending.
Savings Rates
The portion of disposable income that individuals, businesses, or economies save rather than spend on consumption, usually expressed as a percentage.
Permanent Income
A person’s normal income.
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