We find that older people tend to have more wealth but less income than young people.Among older persons,a wider range of assets and income is seen than in other age categories.

Question

Quizplus · Accepted Answer

This is supported by research and data on wealth and income distribution among different age groups. Older individuals tend to have accumulated more wealth over their lifetime, but may have less income in retirement as they rely on fixed income sources such as social security or other retirement benefits. Additionally, older adults may have a wider range of assets, such as property investments or retirement accounts, compared to younger individuals who may primarily have income from their jobs.

We Find That Older People Tend to Have More Wealth