Exam 15: Basic Concepts III: Social and Economic Outlook for an Aging Society

Hispanic Americans comprise the largest growing minority group among the aged.

"Net worth" consists of which of the following?

The "two worlds of aging" refer to which of the following?

Discuss the importance of Social Security for today's older adults.

What factors influence poverty among the aged? Which groups among older adults are more likely to be economically disadvantaged compared to other groups? How does the concept "cumulative disadvantage" assist us in our understanding of different patterns of experience in later life?

The Employee Retirement Income Security Act (ERISA) of 1974 regulates private pension plans in the United States and provides protection against loss of benefits to retired workers.

As people age, they become increasingly alike.

The greater likelihood of poverty among women in old age is called which of the following?

Older people tend to have ______ wealth than younger people and ______ incomes compared to other adults in the United States.

The "sex ratio" refers to which of the following?

The highest poverty rates are found among older women, minorities, and those with chronic illnesses.

Since the financial status of older Americans is enormously diverse, it is better to look at mean values of wealth and income, rather than median values.

Retirement income for older women is about ______ percent of that for men.

To what extent is federal government activity focused on the aged? Describe the major federal programs affecting older Americans. What changes have occurred in these programs in recent years, and what has been the impact of these changes on the well-being of older Americans?

The Affordable Care Act of 2010 extended health insurance benefits to all U.S. citizens, creating "Medicare for all."

Which of the following is the largest source of income for people over age 65 in the United States today?

Of 13.3 million noninstitutionalized older adults living alone in 2015, the majority were women.

What are the implications of categorizing older adults as "ill-derly" and "well-derly"? Do these two categories capture sufficiently the diversity of older adults and the complexity of the aging experience or serve to further ageist stereotypes? Discuss.

The "three-legged stool" of retirement income includes which of the following?

Income tends to increase after retirement because of the increasing value of home equity as a proportion of assets.