Paul Carter is 43 years old, married and has three children, ages 13, 10 and 5. Which influence on financial planning does this demonstrate?
A) Adult Life Cycle
B) Economic Factors
C) Global Influences
D) Opportunity Costs
E) None of these.

Question

Quizplus · Accepted Answer

Paul Carter's age and family situation indicate the adult life cycle influence on financial planning. Different life stages have different financial needs and goals, so financial planning should be adjusted accordingly.

Paul Carter Is 43 Years Old, Married and Has Three