Chad has a good-paying job. However, even though he has not received any official confirmation, Chad suspects that his job might be cut in the near future. Rumors in the grapevine hint that the company is going to go through massive lay-offs due to declining revenues. As a result, Chad has decided to forgo buying a house until he has a better idea of his job status. He has a lot of savings, but Chad knows he might need them if he becomes unemployed. In this case, Chad lacks
A) willingness to buy
B) credit
C) disposable income
D) discretionary income
E) buying power

Question

Quizplus · Accepted Answer

Chad's decision to forgo buying a house despite having savings indicates a lack of willingness to buy, stemming from uncertainty about his job security, not a lack of financial resources.

Chad Has a Good-Paying Job