Quizzes

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KS Change Task 20 20120329

Debt and the Older Adult Quiz

1. Older adults have never been more financially secure than they are today.

True False

2. Because more boomer women were employed, fewer of them will be in debt in their later years.

True False

3. Mortgages and credit cards top the list of reasons so many adults are in poor financial shape for retirement.

True False

4. Thanks to Medicare, Americans don’t have to worry much about medical expenses in their later years.

True False

5. Younger adults are learning from their parents’ financial woes and are trying harder to save money for their own retirement.

True False

6. Many boomers turn to their parents—or their adult children—for financial help.

True False

7. If you have several different loans, it’s most important to pay off student loans before your high-interest credit cards or your mortgage.

True False

8. A payday loan is a safe way to get cash quickly when you need it.

True False

9. To get the best out of life after 60, you need to start planning well before you’re in your 50s.

True False

10. Once you’ve retired, there’s nothing more you can do to better your financial position.

True False



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Our Mission

The Silver Century Foundation promotes a positive view of aging. The Foundation challenges entrenched and harmful stereotypes, encourages dialogue between generations, advocates planning for the second half of life, and raises awareness to educate and inspire everyone to live long, healthy, empowered lives.

Notable Quote

"It is not by muscle, speed, or physical dexterity that great things are achieved, but by reflection, force of character, and judgment; in these qualities old age is usually not poorer, but is even richer."

Cicero (106-43 BC)