BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Young people tend to dis-save
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Retired people tend to dis-save
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Middle-aged people tend to dis-save
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People tend to save proportionately more during middle age
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Detailed explanation-1: -Someone who is middle-aged may have to deal with illness, financial issues, career shifts, marital problems, divorce, death, and the early stages of mental or physical decline. This makes it difficult to build a midlife worth living, and it’s not uncommon to experience an emotional or midlife crisis as a result.
Detailed explanation-2: -Middle adulthood begins around age 40 and ends at age 65. It is marked by narrowing life options, a shrinking future as children leave home, and career paths become more determined. There are wide variations in attitudes and behaviors at this age, as everyone has had their own life experiences.
Detailed explanation-3: -There is no universal consensus on what the exact definition of middle age is, but usual characteristics include the beginning of rapid decline of fertility, graying of hair, and lessening of opportunities.
Detailed explanation-4: -The late thirties through the mid-sixties is referred to as middle adulthood. This is a period in which aging, that began earlier, becomes more noticeable and a period at which many people are at their peak of productivity in love and work.