The retirement poverty problem is that
A. retirement makes people feel poorer because they are not engaged in productive work.
B. without Social Security payments, almost all seniors would be in poverty.
C. many workers are too poor to save for retirement.
D. many retired people live in poverty.
Answer: C
You might also like to view...
The interest rate that equates the present value of payments received from a debt instrument with its value today is the
A) simple interest rate. B) current yield. C) yield to maturity. D) real interest rate.
What causes structural unemployment?
a. workers searching for suitable jobs and firms looking for suitable workers b. the persistent mismatch of workers’ skills and the requirements of jobs c. short-term cyclical fluctuations in the economy d. short-term seasonal fluctuations in the job market