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What is the role of economic factors in personal financial planning?

User Deepak G M
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2 Answers

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Answer:

Global issues can effect you, like with high tensions between Ukraine and Russia, gas prices went up in the U.S. because Russia cut out our oil line from them. The National Economy can also effect you, if the economy is struggling you could be in a recession or be experiencing inflation which will ultimately effect your budgeting, and your purchasing power. Interest rates could also be a killer, if you were to take out a loan with a super high interest rate, then you might end up paying double what the tag price was on the house, or car, or whatever the loan was for.

Step-by-step explanation:

These reasons are on Plato, but this is not a copy and paste of the sample.

User DaShier
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Answer:

See Explanation

Step-by-step explanation:

Family structure, health, career choice, and age.

User Sw
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