Figure 16.6: Personal Savings Rate
-According to one study, consumption expenditure falls about 17 percent when an individual retires, but remains, more or less, unchanged when all that is considered is food purchases.

Question

Figure 16.6: Personal Savings Rate 
-According to one study, consumption expenditure falls about 17 percent when an individual retires, but remains, more or less, unchanged when all that is considered is food purchases.

Quizplus · Accepted Answer

The personal savings rate graph (Figure 16.6) is not relevant to this question. The statement is true according to the study mentioned.