Question

How do personal financial choices impact the stability of a country's economy?

Answer 1

Answer:

Good personal financial choices have a positive impact on the economy, including reduced bad debt, less borrowing overall, an increase in spending and increased savings (because less money is being used on repaying debt), and more money available for the banks to lend and for the government to give to those who need it ...

Answer 2

Answer:

Good personal financial choices have a positive impact on the economy, including reduced bad debt, less borrowing overall, an increase in spending and increased savings ( because less money is being used on repaying debt ), and more money available for the banks to lend and for the government to give to those who need it...