Analyze the economics of aging, including income, assets, and multiple jeopardy. Why are people retiring later?
What will be an ideal response?
The ideal answer should include:
1. Social security
2. Retirement benefits
3. Continued work
4. Asset income
5. Worry: Americans do not have enough saved for retirement, and pensions are declining.
6. Overreliance on Social Security
7. Multiple jeopardy: the experience of more than one disadvantaged category and the disadvantages are cumulative
8. Retiring later because: Social Security changes, improved health and longevity, pension changes, less physically demanding jobs, decline of retiree health insurance, joint decision making, the recession of the 2000s
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