According to the life-cycle theory of consumption, people tend to save during their main working years.

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According to the life-cycle theory of consumption, people tend to save during their main working years in order to provide for their future retirement and potential financial needs. This is often referred to as the "saving-for-the-future" motive. As they near retirement and their earning potential decreases, they tend to dis-save and consume more.

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