Retirement savings allows retirees to consume more of their disposable income because
A)they have a better work ethic than the young.
B)they have better credit histories than the young.
C)they can withdraw from their retirement savings accounts.
D)they do not have debt.

Question

Quizplus · Accepted Answer

Retirement savings allow retirees to withdraw money from their accounts, which can be used to increase their disposable income and consume more in retirement. However, choices A, B, and D are not directly related to retirement savings and do not explain why retirees can consume more of their disposable income.

Retirement Savings Allows Retirees to Consume More of Their Disposable