The financial conditions at the age of 30 are ideally required to be independent; at the age of 50, a person must not have any financial burden and while retiring he shall have enough money to sustain for next 10-15 years.
Financial conditions refer to the status of an individual with respect to his relation with money. It shows whether a person is in debt, breaking-even or has abundance of money.
The different financial conditions at different ages must be as follows:
Hence, the financial conditions of individual at different ages have been mentioned above.
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