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 the above

Question

Quizplus · Accepted Answer

Paul Carter's age, marital status, and number and ages of children place him in a specific phase of the adult life cycle. This influences his financial planning decisions, such as saving for his children's college education or planning for his retirement. Economic factors or global influences may also affect his financial planning, but they are not specifically demonstrated by his personal situation as described. Opportunity costs refer to the trade-offs in decision making between different options, and this is not demonstrated in the given information.

Paul Carter Is 43 Years Old,married and Has Three Children,ages