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..