One group of individuals who do not have the unmet need I described earlier are students who have retirement plans, 401K plans, savings account, etc. already in place to help them save for the future. These monetary saving systems may have been established by parents or the respective individual themselves. However, these individuals do not have the same need as those from my original opportunity. This is not a need for them because they feel that they already have this need under control. They have a system in place which is allowing them to save money, which decreases the value of my opportunity to them because it is not seen as an opportunity for them. Another group of individuals who are outside the boundary are those who simply do not want to save money or do not have the desire/need to do so. This may be a small percentage of individuals, but one of my interviewees simply did not have a desire to save money. They preferred to focus on today and not look too far ahead because tomorrow is never promised. They simply preferred to take it one day at a time and not worry about the future. Lastly, the underlying cause for the first group of outsiders' need is not entirely different from those who are inside the boundary. They are performing a similar course of action that those inside the boundary would like to pursue, however they actually have a system in place which allows them to do so. Furthermore, this is the slight difference which causes their need to be different from those inside the boundary.
Inside The Boundary:
Who is in: College students with no system in place to help them achieve their desired need.
What The Need Is: Saving money
Why The Need Exists: Expenses of college student life, family and individual responsibilities, irresponsible use of finances, socioeconomic status
Outside The Boundary:
Who Is not: Those with a system already in place, those who simply do not have a desire for the unmet need.
What The Need Is Not: The need is not a want for immediate additional finances, it is a need to be better prepared for the future.
Alternative Explanations: The underlying cause is not significantly different, with the exception of those who simply do not have the desire for the unmet need.
Prince,
ReplyDeleteJust a little bit of constructive criticism: I would have liked to hear more about each individual interview. Although you did successfully relay your findings, you didn't specifically state that your findings came from the interviews (or which interviews they came from).
It's crazy to me that people don't have any interest in saving for the future, yet I have several friends, whom have the same income level as me, and still are not interested in saving for their future. I am all about living life in the moment/present, but it's still super important to save for the future!
Prince,
ReplyDeleteI agree with Reece about his constructive criticism. I think it would've been better if you included some information about the interviews you conducted for the assignment.
I can see where people want to worry about living in the now instead of worrying about tomorrow, but it is important to have an emergency fund or some form of savings because you don't know what is going to happen tomorrow. I recently moved a large sum of my savings into another account that has double the interest rate of my savings account.