Which is true about differences in savings rates across groups of people?
A) Older people and higher-income people tend to save less.
B) Older people and lower-income people tend to save less.
C) Younger people and higher-income people tend to save less.
D) Younger people and lower-income people tend to save less.

Question

Quizplus · Accepted Answer

Younger people and lower-income people tend to save less due to factors like lower earnings, higher expenses, and less financial stability compared to older or higher-income individuals.

Which Is True About Differences in Savings Rates Across Groups