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 limited income and financial responsibilities, whereas older and higher-income individuals often have more resources and motivation to save.

Which Is TRUE About Differences in Savings Rates Across Groups