Which of the following statements is true of baby boomers?
a. They are postponing retirement to pay debts.
b. They spend less than any other population group.
c. They have minimal health care expenses.
d. They are affected by the Great Recession than any other cohort.
ANSWER: a
Boomers are carrying substantial financial burdens, including mortgages, health care expenses, and their children's educations. Many are postponing retirement to pay these debts.
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