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Which of the following statements best explains why some people are more committed to saving for retirement than others?
Wiki User
∙ 7y ago
Some people may have a higher level of financial literacy, understand the importance of saving for retirement, have clear retirement goals, or have experienced the consequences of not saving enough. Personal values, beliefs, and attitudes towards money can also influence an individual's commitment to saving for retirement. Social influence and external factors such as income level, access to retirement plans, and economic stability can also play a role in determining one's commitment to saving for retirement.
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Which best explains why some people are more committed to saving for retirement than other people?
Some people may be more committed to saving for retirement due to personal financial goals, attitudes towards risk, understanding the importance of long-term financial planning, and access to resources such as employer-sponsored retirement plans or financial education. Additionally, cultural norms, family background, and past experiences with financial security can also influence individuals' commitment to saving for retirement.
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I am sorry but we can't answer because we don't know the selection you were given.
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