Which of the following is NOT a reason people save during their working lifetimes?
A) so they do not have to drastically reduce their consumption once they retire
B) to consume later in life
C) to take precautionary measures in case of job loss
D) to allow for a more volatile consumption path over time

Question

Quizplus · Accepted Answer

Saving to allow for a more volatile consumption path over time is not a common reason why people save during their working lifetimes. The other options are all common reasons people save, including not wanting to drastically reduce their consumption in retirement, saving to consume later in life, and saving as a precautionary measure in case of job loss.

Which of the Following Is NOT a Reason People Save