At age 50, Sondra has neither retirement savings nor a pension benefit from her employer. For simplicity, assume that Sondra knows that she'll die at age 80. Her salary is $30,000 per year, and the price of consumption is $1 per unit.

Consumption 1200 (thoudands A untis/rest of life) 1000 800 600 D C 400 B 200 E 0 O 5 10 15 20 25 30 Retirement (years/rest of life)