Life-cycle saving is saving:
A)to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
B)for protection against unexpected setbacks, such as the loss of a job or a medical emergency.
C)for the purpose of leaving an inheritance.
D)to pay life-insurance premiums.

Question

Quizplus · Accepted Answer

Life-cycle saving is saving to meet long-term objectives-such as retirement, college attendance, or to purchase a home.

Life-Cycle Saving Is Saving