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22 December, 07:29

How does unemployment influence financial planning?

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  1. 22 December, 08:37
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    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.
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