Recent college graduates, Jason and Elizabeth, are newlyweds. Although they acquired a significant amount of debt during college, both recently got good-paying jobs and appear to have promising careers. Given their situation, down the road Jason and Elizabeth
A) are almost certain to be able to retire comfortably when the time comes, given the high level of income they are likely to earn.
B) could be able to retire comfortably, but doing so will take planning and discipline on their part.
C) have little chance of enjoying a comfortable retirement because the college debts will take years to repay and become a major burden.
D) will probably find that Social Security will provide an adequate retirement, but that they may need to supplement this with a modest pension if they really want to enjoy the fine life in their golden years.

Question

Quizplus · Accepted Answer

It's true that the first step in financial planning involves making money, and Jason and Elizabeth appear in good shape to earn attractive incomes. However, making money is only the first step; it is also necessary to spend wisely and to save. This takes planning and discipline.

Recent College Graduates, Jason and Elizabeth, Are Newlyweds