post - assessment\nquestion 7 of 10\nwhy is it so important to start saving for retirement as early as…

post - assessment\nquestion 7 of 10\nwhy is it so important to start saving for retirement as early as possible?\nthe older you get, the more expenses you have.\npeople cannot work past the age of 65.\nyounger people earn more money than older people.\nwhen you save early, money has more time to grow.

post - assessment\nquestion 7 of 10\nwhy is it so important to start saving for retirement as early as possible?\nthe older you get, the more expenses you have.\npeople cannot work past the age of 65.\nyounger people earn more money than older people.\nwhen you save early, money has more time to grow.

Answer

Brief Explanations:

Early - saving allows for compound interest to work over a longer period, growing the money more. Expenses in old age isn't the main reason for early retirement - saving. People can work past 65 and it's not true that younger people always earn more.

Answer:

When you save early, money has more time to grow.