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The Young-Old and the Old-Old Spend Their Money in Different

Question 38

Multiple Choice

The young-old and the old-old spend their money in different ways. Which of the following best describes their difference?


A) The young-old save money in anticipation of later expenses such as health care, while the old-old spend their money on health care.
B) The young-old spend money on debt accumulated during youth, while the old-old, who are free from this burden, spend money on entertainment.
C) The young-old spend money on travel and restaurant food, while the old-old spend money on health care.
D) The young-old spend money on material items, while the old-old spend money on exploring new experiences.

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