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' does not get retired at their specific retirement ages.

Question

Quizplus · Accepted Answer

Many Baby Boomers have retired, leading to a decrease in their current incomes as they transition from earning wages to relying on retirement savings and social security benefits.

Which of the Following Statements Is True of the Incomes