Question

explain the benefits and costs of guaranteed annual income. what is your own opinion ?

Answer 1

Guaranteed annual income get to have a lot of benefits where one of the prime benefits is security and also guaranteed income lead to proper planning of financial goals and we can get to execute them if the income is on time and proper amount. This can lead life in a way very well planned and thus the standard of living and the economic wellbeing of a person can improve from time tof time. However guaranteed annual income has costs as well where the less risk means the loss in more income as opportunity cost etc.