Which of the following statements is true of baby boomers?
A)They are postponing retirement to pay debts.
B)They spend less than any other population group.
C)They have minimal health care expenses.
D)They are affected by the Great Recession than any other cohort.

Question

Quizplus · Accepted Answer

Baby boomers are now facing increasing debt, and many are postponing retirement to pay it off. According to a survey by the Insured Retirement Institute, more than a third of baby boomers have debts of at least $25,000, not including mortgages, and nearly one in five owes $100,000 or more.

Which of the Following Statements Is True of Baby Boomers