Problem
In May 2010 the size of Greece's budget deficit increased its probability of default and triggered a crisis across the Euro zone. To decrease the budget deficit, the Greek government proposed many measures. A few of them involved decreasing pension and/or benefits payments to retirees. Evaluate the impact of an unexpected decrease in your income after you retire according to the life-cycle hypothesis.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.