Suppose that you are a 21-year-old college student.What stage of the financial life cycle are you currently in?
A)Stage 1: wealth accumulation
B)Stage 2: the golden years
C)Stage 3: the retirement years
D)Stage 4: the formative years
E)Stage 5: the educational years

Question

Quizplus · Accepted Answer

At 21-years-old in college, you are likely still in the wealth accumulation stage of the financial life cycle. This is a time when individuals are typically focused on building their education and beginning their careers, with limited financial resources to invest for the future.

Suppose That You Are a 21-Year-Old College Student