Newsletter
Smoothing the Path: Balancing Debt, Income, and Saving for the Future
Abstract: The life cycle model shows that saving for the future requires people to limit consumption during their working years and save so they will have a ?nest egg? to draw on during retirement. Recent changes in how people save for retirement have shifted some responsibility from firms to individuals.
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https://fraser.stlouisfed.org/title/page-one-economics-5939/classroom-newsletter-smoothing-path-balancing-debt-income-saving-future-579262
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Page One Economics Newsletter
Publication Date: 2014-11
Pages: 1-5