{"id":29693,"date":"2015-04-27T04:41:44","date_gmt":"2015-04-27T04:41:44","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=29693"},"modified":"2024-04-03T13:16:37","modified_gmt":"2024-04-03T07:46:37","slug":"life-cycle-consumption-theory","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/life-cycle-consumption-theory\/","title":{"rendered":"Life cycle consumption theory"},"content":{"rendered":"

\"Life<\/a><\/p>\n

Everybody wants to live a life with full of comfort, so to maintain that comfort level, people plans their consumption, saving according to their income. They want to maintain such a standard, that they can continue in their entire lifetime and lead a comfortable life.<\/p>\n

Thus here according to life cycle consumption theory the consumer plans his consumption in such a way:-
\nConsumer income various systematically over people lines and that saving allows people to move income from those times when income earned is high to those where income earned is love by saving and dis-saving.<\/p>\n

The main reason of income varies over a period of life is retirement. Everybody wants to maintain the same level of consumption after retirement so people save during their working years and dis-save after the of retirement. The consumption of a people depend on the wealth and income of the entire life.
\nThe wealth and income is not proportionately in short run but in long run wealth and income more proportionately and thus it should the consumption puzzle that in short run when income rise consumption fall and APC falls but in long ren APC tends to constant.
\nThus life cycle consumption theory proves a better theory of consumption here consumption is plan of the entire lifetime.<\/p>\n

Click here for government certifications<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Everybody wants to live a life with full of comfort, so to maintain that comfort level, people plans their consumption, saving according to their income. They want to maintain such a standard, that they can continue in their entire lifetime and lead a comfortable life. Thus here according to life cycle consumption theory the consumer…<\/p>\n","protected":false},"author":398,"featured_media":29719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1560],"tags":[3446,3447,2578,2583],"class_list":["post-29693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbit","tag-apc","tag-dis-savings","tag-savings","tag-theory"],"acf":[],"yoast_head":"\nLife cycle consumption theory - Vskills Blog<\/title>\n<meta name=\"description\" content=\"Life cycle consumption theory; consumption, income and savings. Apply for a Vskills certification now. 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