Question 1

Why do some workers, after a lifetime of labor, have no pension or inadequate pensions in their later years?

Accepted Answer

There are several reasons why some worke

Question 2

The term "house rich, cash poor" implies

Accepted Answer

A)  that you own a big house 
B)  you have a higher income 
C)  that you have equity in your home, but little money in the bank 
D)  that you are unable to sell your home. 
A)  that you own a big house 
B)  you have a higher income 
C)  that you have equity in your home, but little money in the bank 
D)  that you are unable to sell your home.

Question 3

Most Medicare beneficiaries use the traditional fee-for-service medical care.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is a factor that contributes to inadequate pension benefits?

Accepted Answer

A)  leaving a job before 30 years of service and job changes 
B)  involuntary job interruptions, such as layoffs 
C)  gender 
D)  age 
A)  leaving a job before 30 years of service and job changes 
B)  involuntary job interruptions, such as layoffs 
C)  gender 
D)  age

Question 5

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

Accepted Answer

A)  50 
B)  65 
C)  85 
D)  72 
A)  50 
B)  65 
C)  85 
D)  72

Question 6

It is projected that by the middle of this century, non-Hispanic whites will constitute about 67% of the older population.

Accepted Answer

A) True 
 B)False

Question 7

What are the current problems with the government's Medicare and Medicaid systems?

Accepted Answer

There are several current problems with

Question 8

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 9

of elderly blacks and elderly Hispanics were poor in 1996 compared to one of every 11 elderly whites.

Accepted Answer

A)  1/8 
B)  1/4 
C)  1/3 
D)  1/2 
A)  1/8 
B)  1/4 
C)  1/3 
D)  1/2

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

In the early 1900s , elders tended to invest in saving accounts, bonds, and stocks, which were profitable until the recession hit and lowered the interest rates.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is LEAST likely to be an issue for urban older adults according to your text?

Accepted Answer

A)  pollution 
B)  transportation 
C)  housing 
D)  animal control 
A)  pollution 
B)  transportation 
C)  housing 
D)  animal control

Question 13

The poverty rate is highest for which of the following categories of elders?

Accepted Answer

A)  elders living in metropolitan areas 
B)  white women over 75 years of age 
C)  Hispanics living alone 
D)  African American women 
A)  elders living in metropolitan areas 
B)  white women over 75 years of age 
C)  Hispanics living alone 
D)  African American women

Question 14

Which statement is correct regarding older Americans in the 1900s?

Accepted Answer

A)  They were poor or near poor. 
B)  They were rich with plenty of land. 
C)  They felt they were old. 
D)  They resented their children. 
A)  They were poor or near poor. 
B)  They were rich with plenty of land. 
C)  They felt they were old. 
D)  They resented their children.

Question 15

A major reason for the reduction of elders in poverty over the last two decades is

Accepted Answer

A)  more older women are now covered under pension plans and Social Security. 
B)  fewer older women are single. 
C)  Social Security payments have remained constant. 
D)  Social Security payments are higher due to automatic cost of living adjustments. 
A)  more older women are now covered under pension plans and Social Security. 
B)  fewer older women are single. 
C)  Social Security payments have remained constant. 
D)  Social Security payments are higher due to automatic cost of living adjustments.

Question 16

Your text estimates that without Social Security about of all elderly would be in poverty.

Accepted Answer

A)  1/5 
B)  1/4 
C)  1/3 
D)  1/2 
A)  1/5 
B)  1/4 
C)  1/3 
D)  1/2

Question 17

Contributions to Social Security

Accepted Answer

A)  are made only by the worker 
B)  are made only by the employer 
C)  are made by the worker and employee in equal amounts 
D)  are guaranteed to support the elder in later life 
A)  are made only by the worker 
B)  are made only by the employer 
C)  are made by the worker and employee in equal amounts 
D)  are guaranteed to support the elder in later life

Question 18

Compared to 401(k)s and Individual Retirement Accounts (IRAs), traditional company pensions

Accepted Answer

A)  transfer more of the retirement costs directly to the individual employee. 
B)  guarantee retirees a specific income based on salary and length of employment. 
C)  are more likely to be tied to the stock market. 
D)  vary their payments according to current interest rates. 
A)  transfer more of the retirement costs directly to the individual employee. 
B)  guarantee retirees a specific income based on salary and length of employment. 
C)  are more likely to be tied to the stock market. 
D)  vary their payments according to current interest rates.

Question 19

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 20

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

Why do some workers, after a lifetime of labor, have no pension or inadequate pensions in their later years?

The term "house rich, cash poor" implies

Most Medicare beneficiaries use the traditional fee-for-service medical care.

Which of the following is a factor that contributes to inadequate pension benefits?

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

It is projected that by the middle of this century, non-Hispanic whites will constitute about 67% of the older population.

What are the current problems with the government's Medicare and Medicaid systems?

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

of elderly blacks and elderly Hispanics were poor in 1996 compared to one of every 11 elderly whites.

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

In the early 1900s , elders tended to invest in saving accounts, bonds, and stocks, which were profitable until the recession hit and lowered the interest rates.

Which of the following is LEAST likely to be an issue for urban older adults according to your text?

The poverty rate is highest for which of the following categories of elders?

Which statement is correct regarding older Americans in the 1900s?

A major reason for the reduction of elders in poverty over the last two decades is

Your text estimates that without Social Security about of all elderly would be in poverty.

Contributions to Social Security

Compared to 401(k)s and Individual Retirement Accounts (IRAs), traditional company pensions

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

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

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

Exam 9: Finances and Lifestyles

Why do some workers, after a lifetime of labor, have no pension or inadequate pensions in their later years?

The term "house rich, cash poor" implies

Most Medicare beneficiaries use the traditional fee-for-service medical care.

Which of the following is a factor that contributes to inadequate pension benefits?

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

It is projected that by the middle of this century, non-Hispanic whites will constitute about 67% of the older population.

What are the current problems with the government's Medicare and Medicaid systems?

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

of elderly blacks and elderly Hispanics were poor in 1996 compared to one of every 11 elderly whites.

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

In the early 1900s , elders tended to invest in saving accounts, bonds, and stocks, which were profitable until the recession hit and lowered the interest rates.

Which of the following is LEAST likely to be an issue for urban older adults according to your text?

The poverty rate is highest for which of the following categories of elders?

Which statement is correct regarding older Americans in the 1900s?

A major reason for the reduction of elders in poverty over the last two decades is

Your text estimates that without Social Security about of all elderly would be in poverty.

Contributions to Social Security

Compared to 401(k)s and Individual Retirement Accounts (IRAs), traditional company pensions

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

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

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