Value of establishing the habit of saving for retirement

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Reference no: EM131561022

Most if not all of us are taught the value of establishing the habit of saving for retirement. In the current interest rate environment of very low interest rates, saving for the future can appear to be a bleak task. In your opinion, why is it still important to save and how might the theory of compound interest rates help to explain why even saving a little (at low interest rates) can impact when your retirement funds.

Reference no: EM131561022

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