Which of the following correctly describes characteristics of people who earn high incomes? I. Older, retired households have the highest incomes.
II) Married couples earned the highest incomes.
III) Households with Bachelor's degrees have higher incomes than households with doctorate degrees.

Question

Quizplus · Accepted Answer

According to the given options, only statement II is correct which states that married couples earn the highest incomes. Statement I is incorrect as older, retired households may have higher asset levels but not necessarily higher income levels. Statement III is also incorrect as households with higher degrees (such as doctorate degrees) tend to have higher income levels. Therefore, the correct answer is D) II only.

Which of the Following Correctly Describes Characteristics of People Who