Title: Smoothing the Path: Balancing Debt, Income, and Saving for the Future
Course: Tennessee Personal Finance Sample Syllabus > Section: Standard 1: ⚖️Financial Responsibility & Personal Decision Making

The life cycle model shows that saving for the future requires people to limit consumption during their working years and save so they will have a "nest egg" to draw on during retirement. Recent changes in how people save for retirement have shifted some responsibility from firms to individuals.