Question

Explain two reasons why young workers may save less than middle aged workers

Answer 1

Answer:

Young workers may save less as they do not have sufficient income (1) older workers may save more as they are preparing for retirement (1). Young workers may borrow more because they may be buying a car/house (1).

Answer 2

Explanation:

Young workers may save less as they do not have sufficient income (1) older workers may save more as they are preparing for retirement (1). Young workers may borrow more because they may be buying a car/house (1).