According to the Textbook, Which of the Following Questions Represents

question 93

Multiple Choice

According to the textbook, which of the following questions represents one of the major financial decisions facing middle-aged adults?

• A) Should they help their aging parents, who may require expensive long-term care, or should they focus on their own financial stability and security, knowing they will in time receive an inheritance?
• B) Should they help their adult children, or should they focus on their own financial stability and security?
• C) Should they sell what has been considered the family home and downsize to provide the extra cash that would support their aging parents?
• D) Should they sell what has been considered the family home and downsize to provide the extra cash needed to support their children's postsecondary education?