2.03 money saving assignment

2.03 money saving assignment

In this lesson, you explored reasons to save money, as well as taking a peek into the world’s piggy bank.

ASSIGNMENT DIRECTIONS
Do some research on the impact of having inadequate savings. Is this a national issue? An international issue?
Using your research, write one to two paragraphs on the discussion prompt: What are some potential consequences of families having inadequate savings?
Go to the Discussion area and post your paragraph(s).
Review the postings of your classmates, and consider their thoughts on inadequate savings.
Respond to a minimum of two of your classmates.
Ask questions if you do not understand a consequence that is listed.
Do you see a theme in the postings? How can that be captured and shared to assist others in understanding the need for savings.
Working with two or more of your classmates, put together a short list (three to five items) of what you consider to be the top consequences of inadequate savings.

Solution Preview

Consequences of Inadequate Savings

Inadequate saving is a national problem in the United States. Saving is a crucial component of the economic development of a country because it refers to deferred consumption that leads to accumulated wealth among individuals. Research shows that millions of America live from foot to mouth and that they have little or no money to save. About 27 percent of individuals in America have no savings at all, and they live from paycheck to paycheck. 

(612 words)