Asked by Brooke Bradley on May 08, 2024

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The single largest source of income for older people in the United States is

A) pensions.
B) savings and other assets.
C) Social Security.
D) earnings from work.

Older People

Individuals who are in an advanced stage of life, often characterized by increased experience, wisdom, and possibly facing unique health and social challenges.

Social Security

A government program designed to provide financial support to individuals during retirement, disability, or upon the death of a breadwinner.

Pensions

Retirement plans or systems that provide financial benefits to individuals, often after years of employment, based on their earnings and contributions.

  • Understand the financial dimensions linked to aging, recognizing income sources and the prevalence of poverty in the elderly population.
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JS
Julia SimoesMay 09, 2024
Final Answer :
C
Explanation :
Social Security is the single largest source of income for older people in the United States, providing a significant portion of the total income for the majority of elderly Americans.