the life stages of an individual saver include which of the following course hero

What is voluntary savings?

c. Voluntary savings are financial assets set aside for use in the future.

What is gross savings?

Gross savings are the profits remaining after tax, and in the case of corporations, after the payment of cash dividends to the stockholders. The primary factors that influence the amount of savings in any given period include all of the following EXCEPT: a. levels of income. b. economic expectations.

What is voluntary savings?

c. Voluntary savings are financial assets set aside for use in the future.

What factors affect the amount of savings?

Factors affecting the amount of savings include: levels of income, economic expectations, cyclical. influences, and the life stage of the individual saver. b. Gross savings are the profits remaining after tax, and in the case of corporations, after the payment of cash. dividends to stockholders.

What happens when income levels decrease?

a. As levels of income decrease, an individual may dissave, that is, reduce further consumption expenditures

What did grandparents' philosophy of "save now, spend later" lead to?

grandparents' philosophy of "save now, spend later" led to increases in consumer debt levels.

Which Federal Reserve policy characterized by very low interest rates?

d. The Federal Reserve adopted an expansionary monetary policy characterized by very low interest rates.

What is Erikson's theory of psychosocial development?

The theory differs from many others in that it addresses development across the entire lifespan, from birth through death. 1. At each stage , the individual deals with a conflict that serves as a turning point in development.

What stage of childhood is industry versus inferiority?

During middle childhood between the ages of about six and eleven, children enter the psychosocial stage known as industry versus inferiority. 1 As children engage in social interaction with friends and academic activities at school, they begin to develop a sense of pride and accomplishment in their work and abilities.

What stage of psychosocial conflict occurs during middle adulthood?

Once adults enter the generativity versus stagnation stage that occurs during middle adulthood, the psychosocial conflict becomes centered on the need to create or nurture things that will outlast the individual. 5

What is the intimacy versus isolation stage?

Dating, marriage, family, and friendships are important during the intimacy versus isolation stage, which lasts from approximately age 19 to 40. By successfully forming loving relationships with other people, individuals are able to experience love and enjoy intimacy.

What is the major criticism of psychosocial stage theory?

One major criticism of the psychosocial stage theory is that these stages do not necessarily follow a sequential order. People can experience these developmental changes and challenges at different points in their lives. 2

What are the consequences of early puberty?

But early puberty also seems to have two additional effects: among both boys and girls, it increases the likelihood of delinquency and also the likelihood of becoming a victim of violence (Schreck, Burek, Stewart, & Miller, 2007). These twin consequences are thought to happen for at least two reasons. First, early puberty leads to stress, and stress leads to antisocial behavior (which can also result in violence against the teen committing the behavior). Second, teens experiencing early puberty ( early maturers) are more likely to hang out with older teens, who tend to be more delinquent because they are older. Because their influence “rubs off,” early maturers get into trouble more often and are again more likely to also become victims of violence.

What are the stages of socialization?

However, socialization continues throughout the several stages of the life course, most commonly categorized as childhood, adolescence, adulthood, and old age . Within each of these categories, scholars further recognize subcategories, such as early adolescence and late adolescence, early adulthood and middle adulthood, and so forth.

Why do early maturers get into trouble?

Because their influence “rubs off,” early maturers get into trouble more often and are again more likely to also become victims of violence. Romantic relationships, including the desire to be in such a relationship, also matter greatly during adolescence. Wishful thinking, unrequited love, and broken hearts are common.

Why is socialization important in childhood?

Despite increasing recognition of the entire life course, childhood (including infancy) certainly remains the most important stage of most people’s lives for socialization and for the cognitive, emotional, and physiological development that is so crucial during the early years of anyone’s life. We have already discussed what can happen if an infant does not receive “normal” socialization from at least one adult, and feral children are a sad reminder that socialization is necessary to produce an entity that not only looks human but really is human in the larger sense of the word.

Why do teens hang out with older teens?

First, early puberty leads to stress, and stress leads to antisocial behavior (which can also result in violence against the teen committing the behavior). Second, teens experiencing early puberty ( early maturers) are more likely to hang out with older teens, who tend to be more delinquent because they are older.

What happens during childhood?

What happens during childhood can have lifelong consequences. Traumatic experiences during childhood—being neglected or abused, witnessing violence, being seriously injured, and so forth—put youngsters at much greater risk for many negative outcomes. They are more likely to commit serious delinquency during adolescence, and, throughout the life course, they are more likely to experience various psychiatric problems, learning disorders, and substance abuse. They are also less likely to graduate high school or attend college, to get married or avoid divorce if they do marry, and to gain and keep a job (Adams, 2010). The separate stages of the life course are really not that separate after all.

How old is adulthood?

Adulthood is usually defined as the 18–64 age span. Obviously, 18-year-olds are very different from 64-year-olds, which is why scholars often distinguish young adults from middle-age adults. In a way, many young adults, including most readers of this book, delay entrance into “full” adulthood by going to college after high school and, for some, then continuing to be a student in graduate or professional school. By the time the latter obtain their advanced degree, many are well into their 30s, and they finally enter the labor force full time perhaps a dozen years after people who graduate high school but do not go on to college. These latter individuals may well marry, have children, or both by the time they are 18 or 19, while those who go to college and especially those who get an advanced degree may wait until their late 20s or early to mid-30s to take these significant steps.