Consumer Aging Society

Consumer/ Aging Society Introduction Uk as Consumer and an Ageing society. lifetime expectancy is represent increase as people atomic number 18 living longer. As a Consumer society, single(a) and household are pressured to vitiate the latest even out if it leads them to debt, they are not relieve for retirement, there is a withdraw to plan well forth in other that individual are financially secured when they evanesce retirement age. Household or individual should be further to avoid product that leads to accretion of debt in other to instigate saving for the future. Part A 1.1 fortune cost is do a choice over other that is what you did not choose. congresswoman Arthur deciding to give up his craft to care for Anna, who could leads to a huge financial lost on the household income. The chance cost for Arthur is to care for Anna, because he unflinching to keep his job. 1.2,( a) The chance cost per week for Arthur is 15 instants quantify £25 equals £375 (b) The luck cost for Sheila is 25 hours generation £20 equals £500. 1.3, Arthur and Sheila earns far to a greater extent than £95 a week and functional little than 30 hours each , if they were to care for Anna so they cannot claimed carer allowance. No this does not run them the opportunity cost of staying at home. 1.

4, deuce reasons why Sheilas life time opportunity cost amaze despatch be prouder than Arthurs is a, she will rich person less work experience than Arthur. b, Her promotion prospect will be affected, decrease of skill.. 1.5, Sheila worked previously 38 hours a week at £15 equal £570, if she cared for Anna 25h! ours a week, Anna who is qualified for high brand name of Disability living, could afford to pay Denis £15 per hour times 25 equal £375. Taking up 15 hour at £7 per hour equal £ one hundred five, Dennis will be left with £90 worst of, and 2 hours more.(£375+£105=£480) B, Part time work, has a scarring effect ,, it reduces engross rate by average 10%, even in cardinal years later, will also make it problematic for her to envision better paid job, if she goes back to work....If you want to get a full essay, order it on our website: OrderCustomPaper.com

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