Consumption and Saving - End of Chapter Problem The increasing cost of college has reduced how much millennials have saved for retirement. How does a higher cost of college change the life-cycle pattern of saving? O It allows people to retire early, due to higher paying jobs available after college. O It increases people's ability to dissave, or spend, during retirement. O It decreases the amount people borrow for college. O It decreases the amount people can save during their working years