Take the following as truth: Although higher-income households might be encouraged to save more by increasing the annual contribution limits to IRAs and employer-sponsored 401(k) plans-currently $2,000 and $10,500, respectively-increasing contribution limits alone is not likely to induce more saving from low-income households.
Then the following statement: "Increasing contribution limits does make low-income people save more." is true, false, or inconclusive?
Answer: False