Regardless of income or wealth,setting aside some portion of current income regularly for future use increases the amount of ____________.

Question

Regardless of income or wealth,setting aside some portion of current income regularly for future use increases the amount of ____________. ​

Quizplus · Accepted Answer

Setting aside some portion of current income regularly for future use increases the amount of income saved, which can be utilized for future expenses such as retirement, education, emergencies, etc. The other options mentioned, such as tax-exempt income, deferred tax, and employer-sponsored benefits, are not necessarily impacted by setting aside a portion of current income regularly.

Regardless of Income or Wealth,setting Aside Some Portion of Current