Which of the following statements about the retirement income of older Americans TRUE?
A)The majority of older Americans live with comfortable and expandable sources of income.
B)Social Security funds are distributed based only on the age of Americans.
C)Social Security is intended to supplement other income.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

While some older Americans may have adequate retirement income, the majority do not have enough financial resources to maintain a comfortable standard of living. Social Security funds are distributed based on a combination of factors, primarily the earnings history of the individual. Social Security is also intended to supplement other sources of retirement income, such as pensions and personal savings. Therefore, option C is the only accurate statement.

Which of the Following Statements About the Retirement Income of Older