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RideAnS [48]
3 years ago
7

True or false, The most important short term financial goal people need to save for is retirement.

Social Studies
1 answer:
Irina18 [472]3 years ago
3 0

Answer: False

Explanation: Because saving for retirement is a long term financial goal. Short term financial goal includes :purchase of household furniture, minor home improvements etc.

Hope it helped.☺

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One reason is that in a heterosexual marriage, the husband tends to be the main income earner. Studies have found that the household income for widows decline by about 37 percent after the death of her spouse. The assets of widows also tend to decline more than widowers.

Often, wives have been less involved in managing family finances, filing taxes, dealing with life insurance policies, etc. and some do not even have their own accounts. This restricts their financial independence if they enter widowhood.

To learn more about challenges of widowhood: brainly.com/question/9888519

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