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According to Edelman it is better to save money for a while and then to begin investing with one large lump sum.

a) True
b) False

1 Answer

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Final answer:

It is b) False that it is better to save money for a while and then begin investing with one large lump sum. Most Americans can accumulate considerable financial wealth by starting to save money early in life.

Step-by-step explanation:

According to Edelman, it is False that it is better to save money for a while and then begin investing with one large lump sum. In fact, most Americans can accumulate considerable financial wealth by starting to save money early in life. The key is to start saving and investing as soon as possible, rather than waiting for a large lump sum.

By doing so, individuals can take advantage of compound interest and allow their investments to grow over time.

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