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Answer to Question #62145 in Economics for azadrizwin
Question #62145
discuss weather an older skilled worker patter of expenditure and saving likely to be different younger unskilled worker
Expert's answer
Older skilled worker pattern of expenditure and saving are likely to be different younger unskilled worker.
Younger skilled worker is likely to spend a great share of his income for house rent or mortgage, clothes, education and entertainments. Therefore, he will be able to save less money.
Older skilled worker tends to spend more money on medical services and goods, travelling. Therefore, he will be able to save more money.
Younger skilled worker is likely to spend a great share of his income for house rent or mortgage, clothes, education and entertainments. Therefore, he will be able to save less money.
Older skilled worker tends to spend more money on medical services and goods, travelling. Therefore, he will be able to save more money.
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