Anticipating potential benefit cuts, people could choose to save more now, work longer to delay retirement, or experience a lower standard of living in retirement.
Saving more in the present isn't an option for people in light of the expected budget cuts.
mnli hypothesis: Saving more in the present isn't an option for people in light of the expected budget cuts. premise: Anticipating potential benefit cuts, people could choose to save more now, work longer to delay retirement, or experience a lower standard of living in retirement.