noun assets or money that someone has saved for a long time
Can be used to discuss the impact of economic factors on individuals' life savings.
May refer to the funds held in a savings account or other investment accounts.
Refers to the money that a person has saved over their lifetime, typically for retirement or emergencies.
Critical aspect of retirement planning, ensuring individuals have enough funds to support themselves in later years.
In a novel, a character may lose their life savings due to a financial scam, leading to a major plot point.
A psychologist may work with clients who are experiencing extreme stress or anxiety related to financial issues, such as losing their life savings.
A financial advisor may help clients plan for retirement and protect their life savings through strategic investments.
An estate planner may assist clients in creating a will to ensure their life savings are distributed according to their wishes after their passing.