Answer the following statement(s) true (T) or false (F)

1. Social Security was created in 1965.
2. On average, the elderly are less likely to be poor when compared to the rest of the U.S. population.
3. The poverty threshold is independent of the size of a family and the age of a household head. 
4. The rate of poverty has increased in the United States since 1959. 
5. In calculating the official poverty rate, cash transfers to the poor are included in their income, but in-kind transfers are not. 


1. False
2. True
3. False
4. False
5. True

Business

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