In 2014, What Percentage of Persons 65 Years of Age

question 39

Multiple Choice

In 2014, what percentage of persons 65 years of age or older were estimated to be residents in long-term care facilities in the United States?

• A)Less than one percent
• B)Less than three percent
• C)More than 10 percent
• D)About 18.5 percent
• E)33 percent

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Definitions:

Luxury-Goods Spending

The expenditure on products and services that are considered high-quality, prestigious, and often more expensive than necessary.

Consumer Optimism

The tendency of consumers to hold positive expectations about the overall economy or their personal financial situation.

Tightwad

Refers to a person who is extremely unwilling to spend money; often perceived negatively.

Social Stratification

A system by which a society ranks categories of people in a hierarchy based on factors like wealth, income, race, education, and power.