S E53: Economics For All Your Decisions In Life - From Romance to Retirement
Think Like An Economist
How to Apply the Economic Tool Kit to Big Decisions
There is a risk of spending too little, and this is where insurance can help us out. It's actually what a lot of government insurance schemes do as provide us something ike that's called an annuity. You give up a certain amount of money to day in order to get a stream of payments for the rest of your life. And that is insurance that's worth having, because none of us know who is going to pull the lucky card of living a truly, truly long life.
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