If you save the same dollar amount from each paycheck during your career as your income increases,your savings rate will
A)increase.
B)decrease.
C)stay the same.
D)More data is needed to determine what affect this action will have.

Question

Quizplus · Accepted Answer

As your income increases but the amount you save remains constant, the percentage of your income that you save (savings rate) will decrease.

If You Save the Same Dollar Amount from Each Paycheck