For the Average Individual, Which One of the Following Statements

question 34

Multiple Choice

For the average individual, which one of the following statements is most likely correct regarding retirement?

• A) My costs of daily living will decrease significantly once I retire.
• B) I can only expect to live about ten years in retirement, so I don't need to save all that much money.
• C) Once I retire, all my medical bills will be paid by Medicare.
• D) My employer's pension plan will provide sufficient income to meet all my retirement needs.
• E) I need to save whatever I can, even if it's a small amount, to help cover my retirement costs.

---

Definitions:

Military Power

The capacity or ability of a nation to use armed forces to assert its will or defend its interests.

Agrarian Nation

Refers to a country or society primarily based on agriculture and farming as the main source of livelihood and economic activity.

Benjamin Banneker

An African American almanac author, surveyor, naturalist, and farmer known for his contributions to the planning of Washington, D.C., and advocacy for racial equality in the late 18th century.