According to the life-cycle theory of consumption, people tend to save during their ________ years.
A) main working
B) early
C) later
D) both B and C

Question

Quizplus · Accepted Answer

According to the life-cycle theory of consumption, individuals aim to smooth out their consumption over their lifetime, which typically involves saving during their main working years when income is higher, in order to fund retirement or periods of lower income.

According to the Life-Cycle Theory of Consumption, People Tend to Save