第一题
The Claytons
Charles and Elizabeth Clayton are both 32 years of age and have two daughters—ages 5 and 2. The family is in excellent health. Charles works as a warehouse foreman and Elizabeth is a part-time clerk at a local store.
Charles’s wages are $40,000. He and his family receive health and retirement benefits through his employer. Elizabeth’s job pays her $15,000 with no benefits. The Claytons own a modest single home with a substantial mortgage. They also own two mid-priced cars, with outstanding auto loans. They have modest cash reserves in checking and savings accounts at the local bank and a tax-advantaged retirement account.
While household expenses, including taxes and maintenance, are below their annual gross income, they find it difficult to add to their savings and tax-advantaged accounts. Their net worth is approximately $100,000 with the equity in their home and their retirement assets making up the bulk of their wealth.
The Brays
William and Helen Bray are both 70 and have just retired. They do not have children. Their health is fair to good.
The Brays receive retirement income benefits from the federal social security program, their pension plans, taxable savings, and tax-deferred accounts. Both the social security and their pension income are indexed to inflation. The Brays anticipate that their income from all sources will significantly exceed their expenses throughout their retirement years.
The Brays assets comprise their mortgage-free home ($1 million) and $5 million in financial assets, evenly split between taxable and tax-advantaged accounts. The Brays drive high-end foreign autos. They do not carry any debt.
The Brays travel extensively and dine out frequently. On their travels, they have acquired expensive antiques from around the world.
老师您好，有一问问liability risk和longevity risk谁面临的风险更高，答案如上图表格，能解释下为啥吗，不明白。我以为两个风险都是claytons面临的更多。
