IMPORTANCE OF SAVINGS FOR RETIREMENT AND EARLY DECISION MAKING IN HUMAN LIFE

Time has influence on the lives of people and the physical, social and other environmental factors impact the human life, as well as the life of income earners. External aggressions, internal disturbances may lead to distress for the families which sometimes incapacitate the income earners, which directly or indirectly leads to families becoming unguarded and uncared for. This requires guard which provides safety nets, or coverage against risk to see that the family lives well, social lives are continued for providing welfare to the people in families and society as a whole.