Which of the following is the primary source of income for elderly Ame
Which of the following is the primary source of income for elderly Americans?
a. Employment income
b. Pensions
c. Savings
d. Social Security
ESSAYBID ANSWER
ANS: D
Aggregate income for the population aged 65 years and over comes largely from four sources: (1) Social Security provides 37%, (2) earnings account for 30%, (3) pensions provide 19%, and (4) asset income accounts for 11%.
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