One of the reasons people may find it difficult to save is because
a. the benefits of saving are experienced immediately.
b. interest is earned when you save.
c. they have less money to spend now.
d. they have more money to spend in the future.
c. they have less money to spend now.
The correct answer is c. they have less money to spend now.
To arrive at this answer, let's break down the options given:
a. The benefits of saving are experienced immediately: This option suggests that people find it difficult to save because the benefits are not immediate. While this can be a reason for some individuals, it is not the primary reason mentioned in the question.
b. Interest is earned when you save: This option refers to the positive aspect of saving, which is earning interest. While earning interest may be an incentive for people to save, it is not mentioned as a reason for finding it difficult to save in the question.
c. They have less money to spend now: This option correctly suggests that one of the reasons people find it difficult to save is that when they save, they have less money available to spend in the present. This trade-off can make saving challenging for some individuals.
d. They have more money to spend in the future: This option presents the opposite of option c, stating that people have more money to spend in the future when they save. While this may be a motivating factor for saving, it is not mentioned as a reason that makes saving difficult.
Therefore, the correct answer is c. they have less money to spend now.
c. they have less money to spend now.
This is one of the reasons why people may find it difficult to save. When you save money, you are setting aside a portion of your income, which means you have less money available to spend immediately. It can be challenging for some individuals to prioritize long-term savings goals over immediate wants and needs.