Ellie and Vince are a married couple, both with college degrees and jobs. How would you expect each of the following events to affect the amount they save each month? a. Ellie learns she is pregnant. Saving will square b. Vince reads in the paper about possible layoffs in his industry. Saving will square c) c. Vince had hoped that his parents would lend financial assistance toward the couple's planned purchase of a house, but he learns that they can't afford it. Saving will square d. Ellie announces that she would like to go to law school in the next few years. Saving will square e. A boom in the stock market greatly increases the value of the couple's retirement funds. Saving will square f. Vince and Ellie agree that they would like to leave a substantial amount to local charities in their wills. Saving will square

Question

Ellie and Vince are a married couple, both with college degrees and jobs. How would you expect each of the following events to affect the amount they save each month? a. Ellie learns she is pregnant. Saving will square b. Vince reads in the paper about possible layoffs in his industry. Saving will square c) c. Vince had hoped that his parents would lend financial assistance toward the couple's planned purchase of a house, but he learns that they can't afford it. Saving will square d. Ellie announces that she would like to go to law school in the next few years. Saving will square e. A boom in the stock market greatly increases the value of the couple's retirement funds. Saving will square f. Vince and Ellie agree that they would like to leave a substantial amount to local charities in their wills. Saving will square

Answer 1

Let's analyze how each event might affect Ellie and Vince's monthly savings:a. **Ellie learns she is pregnant.** - Saving will **increase**. - Reason: Expecting a child often leads to increased savings as the couple prepares for future expenses related to childbirth, healthcare, and raising a child.b. **Vince reads in the paper about possible layoffs in his industry.** - Saving will **increase**. - Reason: The uncertainty of job security typically encourages individuals to save more as a precaution against potential unemployment.c. **Vince had hoped that his parents would lend financial assistance toward the couple's planned purchase of a house, but he learns that they can't afford it.** - Saving will **increase**. - Reason: Without the expected financial assistance, Vince and Ellie will need to save more on their own to afford the down payment and other costs associated with purchasing a house.d. **Ellie announces that she would like to go to law school in the next few years.** - Saving will **increase**. - Reason: Law school is a significant financial commitment, so Ellie and Vince would likely increase their savings to cover tuition fees, books, and other related expenses.e. **A boom in the stock market greatly increases the value of the couple's retirement funds.** - Saving will **decrease**. - Reason: With an increase in the value of their retirement funds, Ellie and Vince might feel less pressure to save as aggressively, believing they are in a better financial position for the future.f. **Vince and Ellie agree that they would like to leave a substantial amount to local charities in their wills.** - Saving will **increase**. - Reason: To ensure they can leave a substantial amount to charity, they may decide to save more during their lifetime to meet this goal.In summary:a. Saving will **increase**.b. Saving will **increase**.c. Saving will **increase**.d. Saving will **increase**.e. Saving will **decrease**.f. Saving will **increase**.

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