For this week's assignment you will create a financial plan to be prepared for economic fluctuations. Before developing your plan, answer the following questions and submit your answers with your plan:
What factors can contribute to unemployment?
How can technology lead to greater unemployment, or is it a benefit to the economy?
Can inflation cause or effect unemployment? How?
Be sure to include the following in your plan:
Average wage of your planned career.
Living expenses with an amount planned for savings.
Average unemployment compensation amount and duration.
Requirements to receive unemployment compensation.