Question 1

The poorest elderly frequently were from the middle- or upper-classes.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following categories of elderly are LEAST likely to be in poverty?

Accepted Answer

A)  women 
B)  ethnic minorities 
C)  the oldest old 
D)  men 
A)  women 
B)  ethnic minorities 
C)  the oldest old 
D)  men

Question 3

The U.S.poverty threshold is determined by estimating a minimally adequate food budget for a household and multiplying it by a factor of

Accepted Answer

A)  two. 
B)  three. 
C)  four. 
D)  five. 
A)  two. 
B)  three. 
C)  four. 
D)  five.

Question 4

Supplemental Security Income (SSI)is paid by funds from

Accepted Answer

A)  counties. 
B)  states. 
C)  the U.S. Treasury. 
D)  Social Security 
A)  counties. 
B)  states. 
C)  the U.S. Treasury. 
D)  Social Security

Question 5

What are the current problems with the governments Medicare and Medicaid systems?

Accepted Answer

The answer of What are the current problems with the...

Question 6

The poverty rate for persons age 65 and over

Accepted Answer

A)  increased between 1970 and 2000. 
B)  is below the poverty rate for children. 
C)  is slightly less than the rate for persons 18 to 64. 
D)  was 24.6 percent in 2000. 
A)  increased between 1970 and 2000. 
B)  is below the poverty rate for children. 
C)  is slightly less than the rate for persons 18 to 64. 
D)  was 24.6 percent in 2000.

Question 7

It has been projected that by the year 2030,there will be _______ million individuals 65 and older.

Accepted Answer

A)  500 
B)  650 
C)  854 
D)  974 
A)  500 
B)  650 
C)  854 
D)  974

Question 8

A reverse mortgage is only of value to those elderly who wish to remain in their home as long as possible.

Accepted Answer

A) True 
 B)False

Question 9

Medigap policies are

Accepted Answer

A)  government subsidized insurance policies for the elderly to cover long-term nursing home care. 
B)  supplemental government-funded insurance for the oldest-old (age 80 and up). 
C)  policies sold by private companies to provide health care protection that Medicare does not provide. 
D)  insurance policies provided by the government for people 55 years of age and older who choose to retire but do not yet qualify for Social Security. 
A)  government subsidized insurance policies for the elderly to cover long-term nursing home care. 
B)  supplemental government-funded insurance for the oldest-old (age 80 and up). 
C)  policies sold by private companies to provide health care protection that Medicare does not provide. 
D)  insurance policies provided by the government for people 55 years of age and older who choose to retire but do not yet qualify for Social Security.

Question 10

The major source of income of older adults include:

Accepted Answer

A)  Social Security, private pension, assets, and investments 
B)  Social Secutiry, children assistance, and spouse income 
C)  working income, private pension, and investments 
D)  working income, spouse income, and children assistance 
A)  Social Security, private pension, assets, and investments 
B)  Social Secutiry, children assistance, and spouse income 
C)  working income, private pension, and investments 
D)  working income, spouse income, and children assistance

Question 11

Why is the Social Security system at risk for future bankruptcy? What are the policy options to help keep the Social Security system solvent?

Accepted Answer

The Social Security system is at risk fo

Question 12

An SRO hotel is a

Accepted Answer

A)  cheap, single-room occupancy hotel, apartment building, or rooming house. 
B)  government subsidized housing facility for people in poverty. 
C)  motel or hotel that offers kitchenettes and laundry facilities. 
D)  temporary shelter for the homeless offered by city missions. 
A)  cheap, single-room occupancy hotel, apartment building, or rooming house. 
B)  government subsidized housing facility for people in poverty. 
C)  motel or hotel that offers kitchenettes and laundry facilities. 
D)  temporary shelter for the homeless offered by city missions.

Question 13

Which of the following is NOT a factor contributing to the predicted bankruptcy of the Social Security system?

Accepted Answer

A)  Social Security is a trust fund. 
B)  the baby-boomer generation will be retiring. 
C)  people are living longer. 
D)  women have been having more children since the 1960s. 
A)  Social Security is a trust fund. 
B)  the baby-boomer generation will be retiring. 
C)  people are living longer. 
D)  women have been having more children since the 1960s.

Question 14

One great incentive of having Individual Retirement Accounts (IRAs)and 401(k)s for workers who change jobs is that

Accepted Answer

A)  the plans are portable 
B)  they can receive double pay. 
C)  there are no penalties of cashing out early. 
D)  they can continue their plan at the previous job and still work at the new one. 
A)  the plans are portable 
B)  they can receive double pay. 
C)  there are no penalties of cashing out early. 
D)  they can continue their plan at the previous job and still work at the new one.

Question 15

Many working women receive none of the money they paid into Social Security.

Accepted Answer

A) True 
 B)False

Question 16

Subjective feelings have allowed some individuals to be satisfied with low income,while others are dissatisfied with higher incomes.

Accepted Answer

A) True 
 B)False

Question 17

Medicare,when combined with Medicaid,will cover all medical expenses when one is over age 65.

Accepted Answer

A) True 
 B)False

Question 18

Part A of Medicare is ________ insurance.

Accepted Answer

A)  acute medical care 
B)  hospital 
C)  long-term care 
D)  emergency medical care 
A)  acute medical care 
B)  hospital 
C)  long-term care 
D)  emergency medical care

Question 19

Social Security was designed to provide the total income of aged people.

Accepted Answer

A) True 
 B)False

Question 20

In the current Social Security program,all of the following are true EXCEPT

Accepted Answer

A)  a person's Social Security payroll taxes are held and invested until the day he or she retires. 
B)  most young people today will collect less than they and their employers put into the system. 
C)  Americans have been receiving more than their employers paid into the system. 
D)  Social Security benefits rise with the cost of living. 
A)  a person's Social Security payroll taxes are held and invested until the day he or she retires. 
B)  most young people today will collect less than they and their employers put into the system. 
C)  Americans have been receiving more than their employers paid into the system. 
D)  Social Security benefits rise with the cost of living.

The poorest elderly frequently were from the middle- or upper-classes.

Which of the following categories of elderly are LEAST likely to be in poverty?

The U.S.poverty threshold is determined by estimating a minimally adequate food budget for a household and multiplying it by a factor of

Supplemental Security Income (SSI)is paid by funds from

What are the current problems with the governments Medicare and Medicaid systems?

The poverty rate for persons age 65 and over

It has been projected that by the year 2030,there will be _______ million individuals 65 and older.

A reverse mortgage is only of value to those elderly who wish to remain in their home as long as possible.

Medigap policies are

The major source of income of older adults include:

Why is the Social Security system at risk for future bankruptcy? What are the policy options to help keep the Social Security system solvent?

An SRO hotel is a

Which of the following is NOT a factor contributing to the predicted bankruptcy of the Social Security system?

One great incentive of having Individual Retirement Accounts (IRAs)and 401(k)s for workers who change jobs is that

Many working women receive none of the money they paid into Social Security.

Subjective feelings have allowed some individuals to be satisfied with low income,while others are dissatisfied with higher incomes.

Medicare,when combined with Medicaid,will cover all medical expenses when one is over age 65.

Part A of Medicare is ________ insurance.

Social Security was designed to provide the total income of aged people.

In the current Social Security program,all of the following are true EXCEPT

Aging in America

Stereotypes and Images

Social and Psychological Theories in Later Life Development

Physical Health and Well Being

Mental Health

Friends,family,and Community

Intimacy and Sexuality

Work and Leisure

Living Environments

The Oldest Old and Caregiving

Special Problems

Women and Ethnic Groups

Death and Dying

Politics, policies, and Programs

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Exam 9: Finances and Lifestyles

The poorest elderly frequently were from the middle- or upper-classes.

Which of the following categories of elderly are LEAST likely to be in poverty?

The U.S.poverty threshold is determined by estimating a minimally adequate food budget for a household and multiplying it by a factor of

Supplemental Security Income (SSI)is paid by funds from

What are the current problems with the governments Medicare and Medicaid systems?

The poverty rate for persons age 65 and over

It has been projected that by the year 2030,there will be _______ million individuals 65 and older.

A reverse mortgage is only of value to those elderly who wish to remain in their home as long as possible.

Medigap policies are

The major source of income of older adults include:

Why is the Social Security system at risk for future bankruptcy? What are the policy options to help keep the Social Security system solvent?

An SRO hotel is a

Which of the following is NOT a factor contributing to the predicted bankruptcy of the Social Security system?

One great incentive of having Individual Retirement Accounts (IRAs)and 401(k)s for workers who change jobs is that

Many working women receive none of the money they paid into Social Security.

Subjective feelings have allowed some individuals to be satisfied with low income,while others are dissatisfied with higher incomes.

Medicare,when combined with Medicaid,will cover all medical expenses when one is over age 65.

Part A of Medicare is ________ insurance.

Social Security was designed to provide the total income of aged people.

In the current Social Security program,all of the following are true EXCEPT

Aging in America

Stereotypes and Images

Social and Psychological Theories in Later Life Development

Physical Health and Well Being

Mental Health

Friends,family,and Community

Intimacy and Sexuality

Work and Leisure

Living Environments

The Oldest Old and Caregiving

Special Problems

Women and Ethnic Groups

Death and Dying

Politics, policies, and Programs

Filters