Opportunity cost
Opportunity cost
- October 18, 2021
- Brian Jenkins, economics, MoneyGeek, Oct. 18, 2021
Brian Jenkins, associate teaching professor of economics at UCI writes, “You have to take seriously that the decisions you make today affect your future standard of living. Going out to eat at a nice restaurant today or going on a vacation this year are essentially paid for by borrowing against your wealth at retirement. … And that doesn’t necessarily mean skipping the vacation, but it might mean going out to eat less often.”
For the full story, please visit https://www.moneygeek.com/financial-planning/resources/what-is-opportunity-cost/#expert=brian-jenkins.
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