Which of the Following People-None of Whom Has Any Financial

Multiple Choice

Which of the following people-none of whom has any financial or housing wealth-is most likely to be spending all of their current income?

A) a low income person expecting continued low income throughout life
B) a low income person expecting a dramatic rise in income in the future
C) a high income person expecting continued high income throughout life
D) a high income person expecting a dramatic drop in income in the future
E) a high income person expecting to retire soon, and live for a long time afterward