Saving is the part of income that people choose to set aside for future uses. People save for different reasons during the course of their lives. People make different choices about how they save and how much they save. Time, interest rates, and inflation affect the value of savings.

Related Lessons on Virtual Economics 4.0

  • How to Really be a Millionaire (Financial Fitness for Life: Theme 1, Lesson 1)
  • What’s the Cost of Spending and Saving? (Financial Fitness for Life: Theme 5, Lesson 20)
  • Building Wealth Over the Long Term (Learning, Earning, and Investing Lesson 12)
  • Why Don’t People Save? (Learning, Earning, and Investing, Lesson 15)

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