The Text Estimates That About 40 Percent of the Income

question 45

Multiple Choice

The text estimates that about 40 percent of the income of people age 65 and older is from

• A) earnings on investments and savings.
• B) Social Security benefits and related federal programs, such as Medicare, Medicaid, and Supplemental Security Income.
• C) employee pensions.
• D) gifts and other sources.

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Definitions:

Merger

A strategic move where two or more companies combine their operations, assets, and financials into a single entity, often to expand market share or capabilities.

Mutual Funds

Investment vehicles that pool money from various investors to purchase a diversified portfolio of stocks, bonds, or other securities.

Premium

The amount paid for a product or service above its nominal or face value.