-21. Complete the text by choosing one of the words from the box.

the old income savings redistribution the young accounts profit inflation house technical progress

In practice, many of the people who have money in banks are (1) _______ . Having built up (2) _______ during their working life, they often put their money into bonds to ensure (3) _______

during old age. These people lose out when there is unexpected (4) _______ and the real value of the bonds falls. They also lose out if they are keeping what they have in non-interest-bearing (5) ______ or under bed.

The young, and especially those just entering middle age, often take out a large mortgage (ссуда под недвижимость) to move into a large (6) ________ and bring up a family. Having borrowed a fixed sum of money to buy a house, they (7) ______- when unexpected inflation increases house prices and incomes without a corresponding increase in the sum they must repay to the bank or building society.

Unexpected inflation redistributes (перераспределять) from (8) ________ to (9) ________.

With (10) _________ and productivity increases, each generation is likely to have a higher living standard than the previous generation. Further (11) _________ from the old to the young increases this inequality between generations.