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GERO Ch 14
Terms in this set (11)
What is the source of the largest share of older people's income?
What are other sources of older people's income?
Assets: Savings account, stocks, bonds, IRA's, rental property
What are the factors that contributed to the improved economic well-being among today's aged cohort?
Family Stability, Higher levels of education, improvements in Social Security Benefits, economic prosperity(Post WWII)
Older people have the majority of their net worth (or wealth) tied up in which asset?
The Social Security trust fund currently has a
Which individuals would be most negatively affected by increasing the retirement age?
Which proposed Social Security reform might discourage people from saving over their lifetimes?
True or False: The source of retirement income showing the greatest racial disparity is assets, like stocks, bonds, and rental properties
True or False: Earnings from work, social security benefits and private pensions are the sources of retirement income that show greatest racial disparity
Why is social security important?
Without it, 40% of older people would be in poverty
Most common defined contribution plan
This set is often in folders with...
GERO Ch 5
GERO Ch 10
GERO Ch 15
GERO Ch 6
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