Compared to people of moderate means, the wealthy tend to have
A) Compared to people of moderate means, the wealthy tend to have
B) B) higher average propensities to save.
C) lower average propensities to save.
D) the same average propensity to consume

Question

Quizplus · Accepted Answer

Studies have shown that the wealthy tend to have higher average propensities to save compared to people of moderate means. This is likely due to their ability to save more of their income and their desire to maintain their wealth and status.

Compared to People of Moderate Means, the Wealthy Tend to Have