Asked by Elena Cornejo on Jun 30, 2024
Verified
Most U.S. adults are financially prepared for retirement.
Financially Prepared
The state of having sufficient resources and plans in place to manage current and future financial obligations.
Retirement
The act of leaving one's job and ceasing to work, typically upon reaching a certain age.
- Assess the financial preparedness and planning of adults for retirement.
Verified Answer
KD
Kevin DeLeonJul 03, 2024
Final Answer :
False
Explanation :
According to studies and surveys, most U.S. adults are not financially prepared for retirement. Many have not saved enough or have not started saving at all. Factors such as increasing healthcare costs and longer life expectancies also make it harder for people to save enough for retirement.
Learning Objectives
- Assess the financial preparedness and planning of adults for retirement.