The life stages of an individual saver include all of the following EXCEPT:
A)the formative/education developing stage
B)the career earning/family creating stage
C)the wealth building stage
D)all of the above are life stages of savers

Question

Quizplus · Accepted Answer

All of the options listed are life stages of savers. The formative/education developing stage refers to the time period when individuals are still in school and learning about saving and finances. The career earning/family creating stage is when people are earning money and starting a family, and may prioritize saving for their family's future. The wealth building stage is when individuals have accumulated wealth and may focus on growing their investments.

The Life Stages of an Individual Saver Include All of the Following