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Define What Is Meant by the Aging Family

question 20

Essay

Define what is meant by the aging family. What issues do they face? What are some differences between aging families and younger families?


Definitions:

Pay-As-You-Go Principles

A funding approach where current revenues (like taxes) are used to pay for current expenses, avoiding debt by paying for services and benefits as they are received.

Life Expectancy

The average period that a person may expect to live, often used as a statistical measure of the health of a population.

Federal Government

The national government of a federated state, which holds the supreme legislative, executive, and judicial power over a country.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue.

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