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Income Needs of Older Individuals

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What income source tends to be prominent during most of adulthood?

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1. Which income source is more often associated with older adults than younger adults?

2. What term could you use to describe the amount of money you need each month to cover your expenses?

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About This Quiz & Worksheet

Many financial changes occur as adults age, and this quiz/worksheet combo will test your knowledge of several key terms, like pension and insecurity. You'll also have to know about areas that affect an older person's income.

Quiz & Worksheet Goals

These assessments will check your understanding of:

  • Income sources for older adults
  • Financial insecurity
  • Income needs

Skills Practiced

Students will have the chance to apply these skills:

  • Defining key concepts - ensure that you can accurately define main phrases, such as income needs and financial insecurity
  • Distinguishing differences - compare and contrast topics from the lesson, such as the difference between employment and pensions
  • Information recall - access the knowledge you've gained regarding how income is affected as a person ages

Additional Learning

The accompanying lesson, Income Needs of Older Individuals, can clarify any questions you have about this concept. You will find out more about:

  • Income sources
  • Older adults and poverty
  • Common expenses such as health care
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