A high proportion of young adults and newly formed families in a nation's population will generate a high level of national savings compared to countries with older populations because younger adults have greater need to build up savings for the future.

Question

Quizplus · Accepted Answer

Young adults and newly formed families often have lower levels of savings due to higher consumption needs related to establishing households and lower income levels at the start of their careers, compared to older populations who may have accumulated more wealth and savings over time.

A High Proportion of Young Adults and Newly Formed Families