How does personal finance affect the economy?

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by Michigan Municipal League (MML)

Question by sioux4rose: How does personal finance affect the economy? how would personal finance on a personal level affect the US economy? Best answer: Answer by David V People with bad personal finances are not able to make as many purchases, spend as much money, or save as much money. They get in debt, default on loans, and generally have a harder time managing money. They often do not save enough for retirement. Bad personal finance is bad for the economy overall. What do you think? Answer below!More Items More Items Check Out The Full, Indepth Details Here: How does personal finance affect the economy?

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