Lesson 3 Flashcards
1
Q
What are the features of middle age spending
A
Settling down, buying a car and having a family.
Hopefully earning a good wage
2
Q
What are the financial needs of someone who is middle aged
A
Completely support themselves and their family. Regular income and expenditures
3
Q
What are the implications on a middle aged person who is spending
A
It is difficult to save for the future
4
Q
How does culture affect spending
A
Different cultures have different stigmas on how money is earned and the attitudes towards it
5
Q
How does religion affect spending
A
Somebody who is religious may be more inclined to be more charitable and vice versa
