Personal Savings Are a Third Source of Income in Retirement

question 25

Multiple Choice

Personal savings are a third source of income in retirement. Problems with saving for retirement include all of the following except:

• A) the uncertainty related to life expectancy.
• B) the uncertainty in the labor market.
• C) the little encouragement or advice to save.
• D) the chronic illnesses that can deplete resources.

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, aiming to provide an accurate description of the entire data set.

Least Precise

Describes the measurement or estimation with the highest degree of uncertainty or the lowest level of detail.

Entire Group

Refers to the complete set of individuals or items that are being studied or considered in a research or analysis.

N

Often represents the sample size or total number of observations in a dataset within statistical contexts.