Workers who put 10% of their income into a retirement account each year are:

Question

Quizplus · Accepted Answer

By putting 10% of their income into a retirement account each year, these workers are smoothing their consumption over time. This means that they are not consuming all of their income at present, but they are also not dissaving (spending more than their income) or trying to match income and spending exactly. They are setting aside money for their future needs, while still maintaining a reasonable standard of living in the present.

Workers Who Put 10% of Their Income into a Retirement