Lusardi, Annamaria (contributor); … - 2008
including Social Security and
pensions, inflation, and interest rates, to name a few, and also making predictions about future …
values of these variables. It is also necessary for the consumer to understand compound interest,
inflation, financial … 1% per year and inflation was 2%
per year. After 1 year, would you be able to buy more than, exactly the same as, or …