At large employers, 48% of employees earning between $10,000 and $24,999 a year participated in a voluntary
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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 (www. towerswatson.com/). We can view savings as a good. In a figure, plot savings versus all other goods. Show why people might be more likely to “buy” some savings (put money in a retirement account) as their incomes rise.
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As peoples incomes increase they generally have more disposable income available to allocate toward...View the full answer
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Related Book For 
Managerial Economics And Strategy
ISBN: 9780134899701
3rd Edition
Authors: Jeffrey M. Perloff, James A. Brander
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