Which of the following statements is true of the incomes of baby boomers in the U.S.?
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

Which of the following statements is true of the incomes of baby boomers in the U.S.?
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.

Quizplus · Accepted Answer

The statement "Baby boomers' current incomes are relatively low because many have retired" is true. Many baby boomers are now retired or close to retirement age, which means their current income may be lower than when they were working full time. A and B are incorrect statements, as baby boomers in general have accumulated a significant amount of savings and their purchasing power is not necessarily guided by their parents. Statement D is also incorrect as not all baby boomers want to age in a retirement community.

Which of the Following Statements Is True of the Incomes