The U.S. population has a bubble of individuals known as the baby boomers. As this group retires, what happens to savings? A.Savings decreases as they retire but this is completely offset by increases with the next generation of workers. B.Savings declines as baby boomers dissave. C.Savings increases because baby boomers retire and therefore spend less. D.Nobody can predict what old people do; they don’t seem to be rational.

The U.S. population has a bubble of individuals known as the baby boomers. As this group retires, what happens to savings? A.Savings decreases as they retire but this is completely offset by increases with the next generation of workers. B.Savings declines as baby boomers dissave. C.Savings increases because baby boomers retire and therefore spend less. D.Nobody can predict what old people do; they don’t seem to be rational.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section: Chapter Questions

Problem 26AA

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