Which of the following statements is FALSE?
A)20% of elderly households receive Social Security as their only source of income
B)Approximately 90% of elderly households receive Social Security benefits
C)Just under 30% of elderly households receive private pension benefits
D)For nearly two thirds of elderly households,Social Security represents more than 50% of total income
E)None of the abovE.All are true

Question

Quizplus · Accepted Answer

All the statements provided are true based on various studies and reports on the income sources and financial status of elderly households in the United States. Social Security is a significant source of income for the majority of elderly households, with many relying on it as their sole source of income or for more than half of their total income. Additionally, a notable portion of elderly households receive private pension benefits, though this is less common than Social Security benefits.

Which of the Following Statements Is FALSE