It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend than they earn, while older adults tend to spend. To accommodate their spending habits, young adults tend to rely on funds raised from. Retired adults, in contrast, tend to rely on to cover the frequent shortage between their current expenditures and their current incomes.

1. more

2. less

3. borrowing

4. past savings

Explanation:

It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend more than they earn, while older adults tend to spend less. To accommodate their spending habits, young adults tend to rely on funds raised from borrowing . Retired adults, in contrast, tend to rely on past savings to cover the frequent shortage between their current expenditures and their current incomes.

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