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Why many individuals in rural areas are not saving.
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[QUOTE="Jasz, post: 237783, member: 61772"] Many individuals in rural areas are not saving because they have a hard time making enough money. Most Farmers do not make a lot of money. They can only work during the summer months in the north and during the winter months in the south. They have a short growing season and that means that they do not make enough money to save. Another reason is that many individuals in rural areas are retired. Retirees do not make any income or very little income and therefore, they cannot save money. A third reason why many individuals in rural areas are not saving is that they do not need to save for retirement. They will move out to another comfortable location and live with family members when they retire. The cost of living is less expensive there and therefore, they do not need to save for retirement. In rural areas, they might be exposed to different kinds if diseases. They may not even have access to doctors or good hospitals, not to talk of how to pay up. They also lack social amenities, they purchase this things they should get freely to survive, thereby leaving them with little or nothing to save at the end. [/QUOTE]
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Why many individuals in rural areas are not saving.
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