James Rosenbaum Found That Those Who Moved Out of the Ghetto

question 40

Multiple Choice

James Rosenbaum found that those who moved out of the ghetto and into low-poverty areas:

• A) had no change in their life situation.
• B) had a better employment situation.
• C) destroyed the neighborhood within a short time.
• D) scared away the previous residents.

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Definitions:

Retirement Income

The funds or revenue that an individual receives after retiring from active employment, often derived from savings, investments, pensions, or social security benefits.

Defined Contribution Plan

A retirement plan in which the employee, employer, or both make contributions on a regular basis, but the benefit received upon retirement depends on the plan's investment performance.

401k Plans

A retirement savings plan sponsored by an employer that allows employees to save and invest a portion of their paycheck before taxes are taken out.

Employer Match

A contribution made by an employer to an employee's retirement plan, equal to a certain percentage of the employee's own contributions.