According to the Text, Today's Older Americans Are Generally Better

question 71

Multiple Choice

According to the text, today's older Americans are generally better off than generations preceding them. This is largely due to

• A) welfare reform.
• B) women joining the labor force.
• C) Social Security pensions and Medicare health insurance.
• D) private investments.

---

Definitions:

Forecasting Labor Surplus

The process of predicting periods during which the number of employees exceeds the number needed by the organization.

Forecasting

The process of making predictions based on past and present data and analyzing trends to anticipate future outcomes.

Labor Shortages

A situation where the demand for workers exceeds the supply in a particular market or industry.

Surpluses

Instances in which supply exceeds demand, resulting in excess goods, services, or resources.