Vocabulary 7 Flashcards
(265 cards)
consequences of their actions
results of what they did
reckless investment spurred on
speculation created by
underlying causes
foundations
sub-prime mortgage scandal
trading bad mortgages
global financial crisis
economic downturn
homeowners
people who own houses
retirement savings
nest egg
unchecked
without regulation
tend
likely to
exceed
over-the-top
left to reckon with the aftermath
have to deal with the results
crucial drive
important desire
on its own
by itself
serve as good role models
someone to look up to
inspire
encourage
check ambition with conscience
control your worst desires
come to the conclusion
now believe
retired seniors
old people no longer working
left to their own meagre resources
have to survive with little
liable
responsible/at fault
incentivized
encouraged
handle their own finances
be in charge of their own money
government backed retirement plan
pension/national retirement funds
dire condition
difficult situation