As a large demographic group, older Americans have much higher levels of total wealth compared with younger people.

Question

Quizplus · Accepted Answer

Older Americans have had more time to accumulate wealth through savings, investments, and home equity. They are also more likely to have paid off their mortgages and have fewer expenses related to raising children. However, it is important to note that there is significant variation in wealth among older adults, and many face financial challenges such as high healthcare costs and inadequate retirement savings.

As a Large Demographic Group, Older Americans Have Much Higher