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?\nyounger people earn more money than older people.\nthe older you get, the more expenses you have.\nwhen you save early, money has more time to grow.\npeople cannot work past the age of 65.

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

Answer

Brief Explanations:

The power of compound - interest means that starting to save early gives money more time to grow through interest accumulation over the long - term. Younger people don't necessarily earn more, expenses don't always increase with age, and people can work past 65.

Answer:

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