Suppose,when You Retire 40 Years from Now,you Will Want to Live

question 5

Essay

Suppose,when you retire 40 years from now,you will want to live on what is $5,000 per month at today's prices.How much will this be 40 years from now if the average annual rate of inflation is the same as that between 1965 and 2010? In 1965 the CPI was 29.9,and in 2010 the CPI was 201.6.

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Definitions:

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of free will, self-actualization, and empathy.

Conditioned Behavior

A learned response to a specific stimulus through classical or operant conditioning.

Observable

Capable of being seen, noticed or measured directly or through instrumentation.

Anxiety

Anxiety or uneasiness triggered by the uncertain outcome of a particular situation.