The Fact That the Benefits of Saving for Retirement Occur

question 16

Short Answer

The fact that the benefits of saving for retirement occur only in the distant future makes it easy for the _______ _______ to dominate people's decisions and to cause them to save less.

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Definitions:

Palliative Medicine

A branch of medicine focused on relieving pain, symptoms, and stress of serious illness, aimed at improving quality of life for patients and their families.

Medicare

A federal program of health insurance for persons 65 years and older.

Medicaid

A combined federal and state program that uses general revenues to fund health care for the poor. Eligibility is tied closely to economic status.

Hospice Care

Specialized care designed to provide support and comfort to people in the final phase of a terminal illness.