Personal Finance 1st Edition by Jack R. Kapoor

Exercise 12

1. How do age, marital status, household size, employment situation, and other personal factors affect financial planning?

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2. How might the uncertainty of inflation make personal financial planning difficult?

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3. What factors influence the level of interest rates?

Action Application Using Web research and discussion with others, create an inflation rate that reflects the change in price for items commonly bought by you and your family.

Step 1 of 3

1.

Age, marital status, household size, employment situation, and other personal factors affect financial planning because changes in society may cause to changes in our financial needs and it brings changes to our savings and spending patterns.