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How does unemployment influence financial planning?​

User Dadou
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1 Answer

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Answer:

Income and retirement ages are two factors of financial planning heavily impacted for unemployment.

Explanation:

Unemployment influence on financial planning is strong from the income's perspective as a person that does not have a regular income is stagnated and cannot grow.

Another factor of financial planning that its affected by unemployment is retirement ages. As less people work under high unemployment rates there is a need for working more years in order to retire.

User Pstraton
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