John is 35 years old and recently married with Eva After the

John is 35 years old and recently married with Eva. After they got married, they are considering to have their first child in 2 years and save for a deposit to buy an apartment. Which lifecycle stage is John likely in?
Select one:
a. Wealth accumulation phase
b. Early family formation
c. Approaching retirement
d. Post retirement
e. Saving versus consumption phase

Solution

Answer :- Option e). Saving versus consumption phase.

Explanation :- John is likely in \"Saving versus consumption phase\" of lifecycle in the above given question.