GLOSSARY · INSURANCE
Human capital
The economic value of your ability to earn income over the rest of your working life. For most working people it is worth far more than their savings, which is why protecting it with an emergency fund, disability insurance and transferable skills matters as much as investing.
Also called: earning power, future earnings
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CHAPTER · GROWING YOUR PRIMARY INCOME · STRATEGIESProtecting the Income You HaveRELATED TERMS
SOURCES
- Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education. Gary S. Becker, National Bureau of Economic Research, 1964.