Which of the following statements is true of the incomes of baby boomers in the United States?
A)Baby boomers accumulated little amount of savings over their working years.
B)Baby boomers' purchasing power is discretionary and guided by their parents.
C)Baby boomers' current incomes are relatively low because many have retired.
D)Baby boomers' want to age in a retirement community.

Question

Quizplus · Accepted Answer

Baby boomers who have retired are likely to have lower current incomes compared to those who are still working. However, it is important to note that not all baby boomers have retired and some may still be earning high incomes. A and B are not true based on generalizations and assumptions, and D is not relevant to the statement.

Which of the Following Statements Is True of the Incomes