By 2030, When Most Members of the Baby Boom Generation

question 145

Multiple Choice

By 2030, when most members of the baby boom generation will have retired, adults 65 and older will represent approximately what percentage of the U.S. population?

• A) 10%
• B) 20%
• C) 30%
• D) 40%

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Definitions:

Bond Interest

The periodic payment made to bondholders as a return on their investment, typically expressed as a percentage of the bond's face value.

Maturity

The date on which a financial obligation must be repaid or a financial instrument, such as a bond, reaches its final due date and the principal is returned to investors.

Principal Payment

The portion of a loan payment that goes towards paying down the original amount borrowed, as opposed to interest.

Installment Note

A debt instrument that requires a series of payments over time, including interest and principal.