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Borrowing money to satisfy your wants is a fairly common prevalence. Kadoya’s group discovered that individuals with high monetary literacy are considerably less anxious by way of accumulating belongings, comparable to financial savings, bonds, and insurance. Much less financially literate people, in the meantime, are less prone to have gathered sufficient belongings to cut back nervousness, probably as a result of they rely extra on social security revenue for assurance in outdated age. The researchers discovered that having a child and doing common exercise also diminished concern about life in outdated age.

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