Why a person is more likely to buy some savings


Problem

According to towerswatson.com, at large employers, 48% of employees earning between $10,000 and $24,999 a year participated in a voluntary retirement savings program, compared to 91% who earned more than $100,000. We can view savings as a good. In a figure, plot savings versus all other goods. Show why a person is more likely to "buy" some savings (put money in a retirement account) as the person's income rises.

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.

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Microeconomics: Why a person is more likely to buy some savings
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