CONTENT STATEMENT
Saving and investing help to build wealth.
CONTENT ELABORATION
Building wealth is the means for preparing for planned and/or unexpected expenses and for obtaining financial security. Savings is one way to build wealth (e.g., personal savings accounts, money-market accounts, time deposits).
Investments are ways to build wealth (e.g., bonds, stocks, mutual funds, 401(k) plans). Individuals may invest in real estate to rent or eventually sell at a profit.
EXPECTATIONS FOR LEARNING
Explain how saving and investing help to build wealth.