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Aging and The Life Course: An Introduction to Social Gerontology, 2/e
Jill Quadagno, Florida State University
The Economics of Aging
True or False
1
Median net worth refers to the total value of all assets minus any debts.
A)
True
B)
False
2
The average black household and the average Hispanic household have no financial assets at all.
A)
True
B)
False
3
Among the old-old, there is an inverse relationship between health and wealth.
A)
True
B)
False
4
The baby boom cohort has had more opportunities than its parents did.
A)
True
B)
False
5
Demographers now predict that the baby boomers will fare poorly in old age.
A)
True
B)
False
6
Under current projections, the Social Security system will become insolvent in 2034.
A)
True
B)
False
7
Raising the early retirement age would not have a disproportionate impact on racial and ethnic minorities.
A)
True
B)
False
8
One country that has a privatization program in place is Chile.
A)
True
B)
False
9
In the United States, not every employee is eligible for a pension.
A)
True
B)
False
10
The Early Retirement Income Security Act of 1974 released companies from establishing minimum vesting standards.
A)
True
B)
False
2002 McGraw-Hill Higher Education
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