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INVESTMENT EDUCATION - Coggle Diagram
INVESTMENT EDUCATION
Saving
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The extent to which individuals save is affected by their preferences for future over present consumption, their expectations of future income, and to some extent by the rate of interest.
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An emergency savings fund should have enough money to pay three to six months of living expenses such as repairs on a car or pay two month of rent, allowing you to avoid paying interest on a credit card or simply doing without. If you do not think you can ever save this amount of money, begin saving as much as you can.
Spending
What Is Spending?
spending is the total money spent on final goods and services by individuals and households for personal use and enjoyment in an economy
consumer spending include all private purchases of durable goods, nondurable goods, and services
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The more money consumers spend at a given company, the better that company tends to perform.
For this reason, it is unsurprising that most investors and businesses pay a great amount of attention to consumer spending figures and patterns.
Income
High-income
The high-income group has the highest income globally, with a GNI per capita of at least $12,476
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Low-income
low-income countries have GNI per capita of $1,025 per less
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normally associated with developing countries also known as emerging markets, or newly industrialized countries
Issues related to poor economic health include below-average life expectancy, high infant mortality rates, poor educational outcomes, degrading infrastructure, environmental and climate conditions, and poor health outcomes
lower-middle-income
The lower-middle-income nations have GNI per capita of $1,026 to $4,035
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upper-middle-income
The upper-middle-income group has per capita incomes between $4,038 and $12,475
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